Trane's SOUP accounting

Article Abstract:

American Standard Inc's commercial vehicle brake manufacturing division Trane Co has created a cost accounting system that integrates new ideas into traditional accounting practices. The new accounting system is known as SOUP (system of utter practicality) accounting and was formulated alongside new production processes at Trane Co. Hence, SOUP accounting makes use of a standard costing system based on demand flow manufacturing (DFM) concepts. The necessity to monitor variations in cost facilitated the retention of the standard cost system. Information for financial statements was derived from annual cost pool reviews. Main guidelines considered for designing the accounting system were simplicity and low cost. Operating rules, cost pools and performance measures were developed base on these guidelines. The new system was tested using specific efficiency and control requirements.

Motor vehicle parts and accessories, Blowers and fans, Refrigeration and heating equipment, Models, Manufacturing industry, Manufacturing industries, Accounting and auditing, Cost accounting, American Standard Inc. Trane Co.

---

Enliven your teaching

Article Abstract:

Accounting programs should be geared towards teaching students to learn on their own, according to the Accounting Education Change Commission. Teachers can help bring this about by constantly motivating their students. Effective teaching involves establishing the learning environment, encouraging ego-involvement through interactions in the classroom, lecturing, asking thought-provoking questions, answering questions thoughtfully, and getting feedback.

Methods, Column, Accounting, Education, Study and teaching, Business students, Business teachers, Accounting teachers

---

Similar abstracts:

• Abstracts: Management accounting (and other) lessons from the Japanese. Office technology: fax for accountants
• Abstracts: Recapturing America's manufacturing heritage. Operations-based strategy. Managing risk in advanced manufacturing technology
• Abstracts: Functional integration: an alternative pre-emptive strategy
• Abstracts: The best-of-class solution. Business visualization in N-dimensions. Micro Control at Abex Corp
• Abstracts: How PCs can solve the cost allocation problem: service department costs now can be allocated with ease. part 2

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.