Uab cost management solutions

  • What are the objectives to be achieved by a cost management system?

    The three broad objectives of a cost management information system are (1) to cost out products, services, and other cost objects; (2) to provide information for planning and control; and (3) to provide information for decision making..

  • What is the application of cost management?

    Having a good cost management system in place makes it easier for an organization to estimate and allocate its budget.
    Cost management is a form of management accounting that helps a business reduce the chance of going over budget with more accurate forecasts of impending expenditures..

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