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What is Advanced Cost Accounting in Hospitality about?

This document discusses operating costing as a method of cost accounting. [1] Operating costing is used to ascertain the cost of operating services like hospitals, hotels, transportation, etc. [2] It treats each service unit like a bed-day in a hospital or kilometer traveled for a bus as a cost center for which operating costs are calculated. [3] The document provides an introduction to different costing methods and explains how operating costing is suited for service industries.

Author

Vandana Sharma

Language

EN