business accounting
Kindly furnish me with the roles of a cost accountant in any manufacturing company
Cost accountant determines the per unit cost of product and guides the management of manufacturing firm about the cost of the product and helps them to set the prices of product according to cost of product rather arbitrary pricing also helps the managment to achieve their target profit effeciently and also guides the governament about the pricing of products so that governaments can maintain prices of products which is in most benifit of the people as a whole.
A cost accountant plays a big role in the accounting process of a business. Some of the job duties include data collection, inventory, analysis, and other basic accounting procedures.
Question is in Factory or establishment if a person is working as a cost accountant then what is his status. Whether he is a workman or employee. Difference between an employee and workman is that they are differently treated. A workman is governed by Industrial law whereas the other class are governed by service rules.
Role of cost and management accountant is to determine the cost of production and per unit cost of product as well as help management in daily business activities and provide cost information about all business activities and help in decision making process as well as capital budgeting and decisions.
Kindly furnish me with the roles of a cost accountant in any manufacturing company
Cost accountant determines the per unit cost of product and guides the management of manufacturing firm about the cost of the product and helps them to set the prices of product according to cost of product rather arbitrary pricing also helps the managment to achieve their target profit effeciently and also guides the governament about the pricing of products so that governaments can maintain prices of products which is in most benifit of the people as a whole.
A cost accountant plays a big role in the accounting process of a business. Some of the job duties include data collection, inventory, analysis, and other basic accounting procedures.
Question is in Factory or establishment if a person is working as a cost accountant then what is his status. Whether he is a workman or employee. Difference between an employee and workman is that they are differently treated. A workman is governed by Industrial law whereas the other class are governed by service rules.
hi
Managing and maintaining a proper costing strategy that will eliminate/ reduce additional cost/overheads that will have a direct effect on the productions.
Cost accountant is part of Management Accounting. General Accountants are are mostly relevant to Financial Accounting
In services industries there is no raw material so only direct labor is part of prime cost in services industry.
cost accounting plays very important role in manufacturing organisation.unless cost accounting system one can't get the cost of the product appropriately.Many organisations fix their selling price based on the cost information.Not only in ascertaining cost of the product it can be used as measurement for their performance
A cost accountant is responsible for assigning cost to products. They have to be accurate because managers will make decisions based on this information.
Role of cost and management accountant is to determine the cost of production and per unit cost of product as well as help management in daily business activities and provide cost information about all business activities and help in decision making process as well as capital budgeting and decisions.
The role of the accountant (private) is to record the financial activities of an enterprise and to cost the goods and services that a company provides. Public accountants audit the assertions that an enterprise makes on its financial statements and issues an opinion on the same.