About this document
Understanding Cost Accounting Principles by kunja is a document available to read on EtoBox.
Cost accounting is the process of recording and analyzing costs to help management make decisions. It involves tracking costs for products, services, processes, orders or other cost objects. The objectives of cost accounting include determining selling prices, measuring efficiency, preparing financial statements, providing a basis for operating decisions, and controlling and reducing costs. Cost accounting provides different and more detailed information than financial accounting to help management.
- Author
- kunja
- Language
- EN