Cost accounting sem 4

  • Cost accounting topics

    Cost accounting includes systems for recognizing, classifying, allocating, aggregating, and reporting the costs and then comparing them with the standard costs.
    It is done to provide the management with the end results of the costs involved in a business..

  • What is cost accounting theory short notes?

    Cost accounting includes systems for recognizing, classifying, allocating, aggregating, and reporting the costs and then comparing them with the standard costs.
    It is done to provide the management with the end results of the costs involved in a business..

Maintain full and detailed records pertaining to all the three elements of cost, viz., materials, labour and expenses. Provide data and reports to management.
Provide information on the relative efficiencies of plant, machinery, labour and departments. Stocks are valued at costs. These accounts are for internal.

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