explain the primary objectives of cost management ?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
Management accounting is use for internal accounting purpose of business management while cost accounting is use to find out the per unit cost of production.
the function of cost accounting is to provide management of differents acitivities in a business
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.
Cost Management is critical to Project Management. A project cannot be initiated with Cost Management not in place, since cost management is about estimating, budgeting, monitoring, and analyzing the cost information.
explain the primary objectives of cost management ?
re What is the meaning of cost management ratios?
it help management in decision making it also help management to ascertain the cost of a product
Importance of cost control in project management?
Catherine Stenzel has written: 'From cost to performance management' -- subject(s): Cost effectiveness, Industrial management, Management, Organizational effectiveness, Performance, Value 'Essentials of cost management' -- subject(s): Cost control
Cost management refers to how much it will cost a business to run. By having a cost management plan businesses can attempt to lower their costs therefore creating more revenue.
advantages of cost management in relation to finacial efficiency
Cost management is the process of planning and controlling the budget of a business. Cost management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget.
how the management is impacted by the reduction in cost of hardware with time
the cost implication of management decision involving distribution
What is Dintinguish Management?