Cost Accounting Definition
Subject: Accounting | Topics:

Cost accounting involves to determining the expense of products, processes, assignments, etc. in order to report the proper amounts on the financial statements, and assisting management to produce decisions and in the look and control of a lending broker. Cost accounting is a process of collecting, analyzing, summarizing and evaluating several alternative courses of motion. Its goal is always to advise the management on the most appropriate course of action good cost efficiency and capability.

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