Recent CIMA research report on the use of standard costing

The Chartered Institute of Management Accounting (CIMA) have just released some interesting research findings on the use of standard costing. The research warns that accountants need to “wake-up and smell the coffee” and be careful how standard costing is used in an organisation. Poor use of standard costing can create a “percolator” effect with bad practice filtering up and down the organisation. Click the link for more detail and access to the full report http://bit.ly/b6v4f0