A comparative study of the different costing techniques and their application in the pharmaceutical companies
After its induction in the 19th century, the pharmaceutical industry covered a long way and now it became one of the most successful and influential industries in the world, with both praise and controversy on its part. The current study is performed on the pharmaceutical firms working in the Punjab...
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Chamber of Financial Auditors of Romania
2016-11-01
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doaj-b376d0660e924843af36a0ab908021cc2020-11-24T22:43:12ZengChamber of Financial Auditors of RomaniaAudit Financiar1844-88012016-11-01121431253126310.20869/AUDITF/2016/143/12539514A comparative study of the different costing techniques and their application in the pharmaceutical companiesMuhammad Aleem0Alamdar Hussain Khan1Wasim Hamad2 University of the Punjab, Lahore, Pakistan University of the Punjab, Lahore, Pakistan University of the Punjab, Lahore, Pakistan After its induction in the 19th century, the pharmaceutical industry covered a long way and now it became one of the most successful and influential industries in the world, with both praise and controversy on its part. The current study is performed on the pharmaceutical firms working in the Punjab (Pakistan). Like the other profit-driven organizations, the main aim of the pharmaceutical firms is to earn the maximum profit. The profitability also depends on the costing system. The current paper evaluates the costing systems, the level of satisfaction regarding the costing system, the major problems faced during the costing process and the best method of costing in the pharmaceutical sector. The questionnaire was designed for the collection of data from 130 pharmaceutical companies working in the Punjab. For the data analysis, the descriptive statistics and the graphical method were used. The significant result of the study is that most of the organizations used the marginal costing and many managers are satisfied with the costing system which they are using. http://revista.cafr.ro/temp/Article_9514.pdf Pharmaceutical industrycosting system marginal costingABC costingPunjab. |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Muhammad Aleem Alamdar Hussain Khan Wasim Hamad |
spellingShingle |
Muhammad Aleem Alamdar Hussain Khan Wasim Hamad A comparative study of the different costing techniques and their application in the pharmaceutical companies Audit Financiar Pharmaceutical industry costing system marginal costing ABC costing Punjab. |
author_facet |
Muhammad Aleem Alamdar Hussain Khan Wasim Hamad |
author_sort |
Muhammad Aleem |
title |
A comparative study of the different costing techniques and their application in the pharmaceutical companies |
title_short |
A comparative study of the different costing techniques and their application in the pharmaceutical companies |
title_full |
A comparative study of the different costing techniques and their application in the pharmaceutical companies |
title_fullStr |
A comparative study of the different costing techniques and their application in the pharmaceutical companies |
title_full_unstemmed |
A comparative study of the different costing techniques and their application in the pharmaceutical companies |
title_sort |
comparative study of the different costing techniques and their application in the pharmaceutical companies |
publisher |
Chamber of Financial Auditors of Romania |
series |
Audit Financiar |
issn |
1844-8801 |
publishDate |
2016-11-01 |
description |
After its induction in the 19th century, the
pharmaceutical industry covered a long way and now it
became one of the most successful and influential
industries in the world, with both praise and controversy
on its part. The current study is performed on the
pharmaceutical firms working in the Punjab (Pakistan).
Like the other profit-driven organizations, the main aim
of the pharmaceutical firms is to earn the maximum
profit. The profitability also depends on the costing
system. The current paper evaluates the costing
systems, the level of satisfaction regarding the costing
system, the major problems faced during the costing
process and the best method of costing in the
pharmaceutical sector. The questionnaire was designed
for the collection of data from 130 pharmaceutical
companies working in the Punjab. For the data analysis,
the descriptive statistics and the graphical method were
used. The significant result of the study is that most of
the organizations used the marginal costing and many
managers are satisfied with the costing system which
they are using. |
topic |
Pharmaceutical industry costing system marginal costing ABC costing Punjab. |
url |
http://revista.cafr.ro/temp/Article_9514.pdf
|
work_keys_str_mv |
AT muhammadaleem acomparativestudyofthedifferentcostingtechniquesandtheirapplicationinthepharmaceuticalcompanies AT alamdarhussainkhan acomparativestudyofthedifferentcostingtechniquesandtheirapplicationinthepharmaceuticalcompanies AT wasimhamad acomparativestudyofthedifferentcostingtechniquesandtheirapplicationinthepharmaceuticalcompanies AT muhammadaleem comparativestudyofthedifferentcostingtechniquesandtheirapplicationinthepharmaceuticalcompanies AT alamdarhussainkhan comparativestudyofthedifferentcostingtechniquesandtheirapplicationinthepharmaceuticalcompanies AT wasimhamad comparativestudyofthedifferentcostingtechniquesandtheirapplicationinthepharmaceuticalcompanies |
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