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What is Understanding Cost Accounting Systems about?

The document discusses cost accounting and accounting information systems. It explains that accounting systems provide financial and cost management information to both external and internal users. The cost management system assigns costs to products and services for planning, control, and decision making. It has two subsystems - the cost accounting system which assigns costs, and the operational control system which provides performance feedback. The document defines various cost elements and classificatio

Author

Rishi Chourasia

Language

EN