A Cloud-Based Service for Affordable Cost Analysis

Cost reduction and cost-awareness were, are, and probably will always be one of the major concerns of all organizations worldwide. This has been accentuated by difficult economic times, and is particularly true among small and medium enterprises (SMEs) where competition is even fiercer. But as essential as it looks, advanced costing techniques are expensive to implement and require expertise not present in most organizations, making them inaccessible to most of SMEs. In this paper we present a proposal of a cloud-based solution offered as a service designed to address this problem based on re-utilization, integration with ERPs and better data visualization that will make it affordable and easier to use for SMEs. This proposal was demonstrated with a limited prototype applied in a community pharmacy and it was evaluated through interviews with experts and potential users

Language in pursuit of professional branding: the case of scientific costing

The period between the 1880s and 1930 witnessed the development of concepts and discourses associated with costing as a science. Against this background, and in the context of the professionalization campaign pursued by the newly established Institute of Cost and Works Accountants (formed in 1919), we employ insights from hermeneutic analysis to examine the ascendancy and subsequent demise of 'scientific costing' as a branding strategy. Building on the earlier work of Loft (1986, 1990), we place these developments within both the internal machinations of the Institute in its early years and the wider context of the business, professional and regulatory environment of the period. We find that the rise and fall from favour of 'scientific costing' was conditioned by a number of contextual factors, not least the changing environment of the early decades of the twentieth century surrounding the emergence of scientism, its links to the efficiency gospel, and a changing rhetoric which shifted towards a business budgeting discourse. These, together with difficulties in finding a common specification of 'scientific costing' limited its usefulness as an organisational branding strategy. Implications are drawn from our study for contemporary attempts to develop branding strategies by professional accounting bodies