by firm, after which general conclusions are drawn about their common characteristics. The sector’s business history is outlined, the systems in use are then examined firm. The research is for the most part archivally-based, and is founded on the surviving records of 11 firms across the sector. This article examines the nature, use and development of costing systems employed in the shipbuilding, engineering and metals industries of the West of Scotland between the years ~1900-1960. The literature indicated that traditional cost accounting information is largely inaccurate for the purpose of decision-making, prompting a call for innovation in cost accounting (Innes and Mitchell, 1991 Brown et al., 2004). ![]() (2008) suggested that the information provided by traditional cost accounting techniques such as variable costing, direct costing and traditional full absorption costing systems are not sufficiently accurate to satisfy the requirements of modern management. Considerable changes have also taken place within the manufacturing environment with the emergence of advanced manufacturing technologies that have resulted in greater automation and changes in cost structure involving direct labour costs being replaced by overhead costs (Abdel-Kader and Luther, 2006 Alawattage et al., 2007 Bhimani et al., 2007 Hopper et al., 2008 Smith et al., 2008). Increasing levels of global competition and reductions in product life cycles arising from technological innovations have intensified the challenges for managers. Introduction: During the last two decades, most companies across a range of countries and industries have faced dramatic changes in their business environment. Also, the lack of top management support and the lack of internal resources (mean 2.92, 2.83, respectively) were not considered to be a major reason for not considering ABC. Resistance to change by employees (3.16) was, at best, a weak barrier. The most common reasons for not considering ABC were the inherent difficulties with ABC design and implementation and the costs that might be incurred. ![]() The results asserts that of the 76 respondent, %11.8 used ABC information as a part of their daily practices or when integrating data with other systems. The research employs questionnaire to collect data, 76 valid questionnaires were gathered. This research sheds light on this issue in manufacturing companies in Jordan one of the developing countries. that if ABC has demonstrated benefits, why then, is it not actually implemented by a gradually increasing number of companies. ![]() Moreover, there is growing evidence to suggest that most of these companies encountered problems in implementing ABC and, in extreme cases, did not have success with it, which later resulted in abandoning the ABC system altogether. The low rate of ABC implementation, as empirically observed across a range of countries and industries have motivated some researchers to write about it. This study will emancipate the golden mean and the extent to its applicability across horizons. Although having its critiques, the Fibonacci numbers is employed by traders and analysts in ascertaining a share price performance to this day in all the stock markets. In trading, the key Fibonacci ratio is said to be 61.8%. Since, the markets are always fluctuating and the future uncertain, analysts’ state that through the employment of Fibonacci series, one can identify this golden mean and exploit it to identify when and where to enter and exit a trade. This ratio is attributed to be the mystic number that is related to everything from art, music, nature, petals, honeycombs, galaxies and n number of more such fads and also hence relatable to trading. ![]() This is represented by the Greek letter Phi (Φ). The quotients move towards a particular value called the Golden Ratio or the Golden Number that has a value approximation of 1.618034. In the Fibonacci sequence, a Golden Ratio is identified when a number in the Fibonacci series is divided by the number preceding it. The arrangement is in such a way that the value of the next immediate number is established by adding the two preceding numbers. Fibonacci numbers is a mathematical sequence which starts from zero.
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