The pre-requisites for successful implementation of uniform costing are as follows:

-Firms in the industry should have mutual trust and willingness to share relevant information.

-A spirit of co-operation should be there among the participating firms

-Free exchange of ideas, methods used.

-Bigger firms should take the lead to share with smaller firms, their experience, achievements of efficiency, improvements and know how to enable the later to improve their performance.

-No hiding or withholding of information.

-No rivalry, competition among the competitors.

-Uniformity must be established with regard to several following points before introducing uniform costing in the industry:

1. Size of the units in the industry

2. Production methods

3. Accounting principles, procedures used