Cost accounting reddit

  • Cost accountants need to use critical thinking skills to evaluate information, arguments, assumptions, and evidence.
    They need to identify problems, generate solutions, and make decisions.
    They also need to be aware of their own biases, limitations, and ethical responsibilities.
  • Cost accounting requires experts accountants and auditors.
    Firms need to pay more to these employees, making cost accounting more expensive.It is a modern costing method, so it may cost more during the time of installation.
    But it always benefits the company.
    It changes the way of accounting.

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