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.
The amendment limited members of the Senate to two six-year terms and members of the House to six two-year terms. However, constitutional amendments require a two-thirds majority and the votes to impose term limits on Congress fell short of that number. In May 1995, the United States Supreme Court ruled 5-4 in U.S. Term Limits, Inc. v. Thornton (1995).