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You are a Management Accounting Intern.work in tools companies.Currently it captures costs by department and accounts for stores and raw material inventories.Your role is to

You are a Management Accounting Intern.work in tools companies.Currently it captures costs by department and accounts for stores and raw material inventories.Your role is to suggest improvements to the Cost Accounting system. You are about to make a recommendation to introduce a Product Costing System. When you sound out the Financial Controller, he says, We have just one Accountant and I think introducing a product costing system is a complete waste of time Write a short justification, identifying four reasons for your recommendation.

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