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What is Cost Accounting and Break-Even Analysis about?

Cost accounting is a method of accounting that collects, classifies, and records all costs associated with carrying out business activities. This cost data is then analyzed to determine the cost of products, possible areas for savings, and appropriate selling prices. Unlike financial accounting, which considers monetary value, cost accounting considers money as a factor of production. It provides data to managers for decision making, planning and control.

Author

Anushka Nigam

Language

EN