Cost Accounting It provides information for both management accounting and financial accounting. It measures and reports from financial and non financial data.

  • Cost accounting measures and reports information relating to the cost of acquiring and utilizing resources
  • Cost accounting provides information for management and financial accounting
  • Cost management describes the approaches and activities of managers in short-run and long-run planning and control decisions
  • These decisions increase value of customers and lower costs of products and services
  • Cost management is an integral part of a company’s strategy

Want to give some comment to author ( Shivmohan Purohit )

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s