Level B: Requiring the skill levels of knowledge, comprehension, application and analysis COST ACCOUNTING – INTRODUCTION TO COST ACCOUNTING [40 MARKS] 1
The information supplied by cost accounting acts as a management tool for decision-making, to optimise the utilisation of scarce resources and ultimately add to
Cost Accounting relates to transactions connected with Manufacturing of goods and services, means expenses which enter into production (g) Financial Accounts
At last we have discussed about cost accounting records, cost audit and analysis interpretation of financial statements
29 mai 2020 · Cost accounts the process of accounting for costs, which begins with the recording of expenses or the bases on which they are calculating and
011 When cost accounting is used in the commercial activities of governments, its applications in financial accounting and management functions need not be
Assigning costs to cost objects 2 Accounting for costs in manufacturing companies 3 Preparing financial statements 4 Predicting cost behavior in
to serve all parties external to the operating responsibility of the firms and the accounting, which
is designed to serve internal parties to take care of the operational needs of the firm. The first category, which is conv