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28 lis 2008 · The main emphasis in cost accounting is on cost control and cost determination. Whereas the management accounting uses the principles and practices of financial accounting and costing...
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The main emphasis in cost accounting is on cost control and...
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1. Introduction to Cost and Management Accounting • Cost Accounting: Evolution, Meaning, Objectives and Scope • Concepts of Costs , Classifications and Elements of Cost • Cost Centre and Cost Unit • Methods and Techniques of Costing • Cost Accounting Standards • Installation of a Costing System
Cost Accounting is the process of accounting for cost which begins with recording of income and expenditure and ends with the preparation of statistical data. It is the formal mechanism by means of which cost of products or services are ascertained and
Information on the cost of carrying out a particular endeavor is used for essentially three purposes: pricing decisions, profi tability assessments, and comparative analyses. Most managers use cost information for one or all of these purposes at different times and under varying decision - making scenarios. Pricing Decisions.
Demonstrate how to use cost accounting in the development of new products. Describe how transfer pricing works, and the impact of using different transfer pricing methods. Explain how direct costing can be used as an analysis tool.
basic idea in cost estimation is to estimate the relation between costs and the variables affecting costs, the cost drivers. We focus on the relation between costs and one impor -
Basic Aspects of Cost Accounting The fundamental concepts of the framework of cost accounting Topics. Cost units, cost centres and cost objects. The classification of costs. The elements of cost. Cost behaviour patterns. Analysing semi-variable costs Key learning system questions 1 Cost behaviour 3 High-low method 1
