Cost and management accounting january 2019

  • What is LCCI Level 3 management accounting?

    The Pearson LCCI Level 3 Cost and Management Accounting is for students who work in, or want to work in, accounting environments where they will be required to use management accounting techniques which contribute to effective decision making and control..

  • What is the concept of cost management accounting?

    Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each step of production as well as fixed costs, such as a lease expense.
    Cost accounting is not GAAP-compliant, and can only be used for internal purposes..

  • What is the cost and management accounting theory?

    The function of cost and management accounting is to gather data like time taken, wastages, process idleness etc., analyse the data, prepare reports and take necessary actions.
    Cost and management accounting information which are generated or collected are used by different stakeholders..


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