Cost accounting with integrated data analytics 1st edition

  • What does cost accounting provide data for?

    Financial accounting provides the data to prepare the financial statement which is based on historical cost.
    Cost accounting provides different techniques or methods to present the data about the cost of each product.
    This information is used in managerial decision making..

  • What is the current cost accounting method?

    Current Cost Accounting (CCA)
    The CCA approach values assets at their fair market value (FMV) rather than historical cost, the price incurred during the purchase of the fixed asset.
    Under the CCA method, both monetary and nonmonetary items are restated to current values..

Cost Accounting with Integrated Data Analytics takes the approach that you need to reach students in order to engage and effectively teach them to make meaning of costing concepts.

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