Cost accounting. Cost accounting is a process of collecting, recording, classifying, analyzing, summarizing, allocating and evaluating various alternative courses of action & control of costs. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability.
FDR was the first and only president to serve more than two terms. Passed by Congress in 1947, and ratified by the states on February 27, 1951, the Twenty-Second Amendment limits an elected president to two terms in office, a total of eight years.
Another Explanation: The President has term limits because Congress and the States ratified the Twenty-Second Amendment establishing a maximum of two terms in 1947. Prior to that, a President could serve as many times as he was elected.nother Explanation: The President has term limits because Congress and the States ratified the Twenty-Second Amendment establishing a maximum of two terms in 1947. Prior to that, a President could serve as many times as he was elected.