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Cost Accounting is a method by which an accountant can determine the cost of production of a "widget". This is used in accurate reporting of Cost of Goods Sold and consequently the Gross Income of a company. A Cost Accountant will follow the "widget" througout the production process tracking any costs associated and breaking them down to a unit level. It gets more complicated than that but this is a good generic answer.
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How does management accounting differ from cost accounting?
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
Compare and contrast between cost accounting and financial accounting?
compare and contrast cost accounting and financial accounting
What are the function and responsibilty of Cost Accounting?
What are the function and responsiblity of Cost Accounting
What are the various classifications of cost accounting?
what are the various classification of cost accounting?
Why cost accounting is used instead of financial accounting?
cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced
How does management accounting differ from cost accounting?
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
What is the Cost and cost accounting also give out objectives of cost accounting?
answer
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
Compare and contrast between cost accounting and financial accounting?
compare and contrast cost accounting and financial accounting
What are the Classifications of cost accounting?
what are the various classification of cost accounting?
What has the author Nicholas Dopuch written?
Nicholas Dopuch has written: 'Solutions manual for Cost accounting' -- subject(s): Cost accounting 'Cost accounting' -- subject(s): Cost accounting
What are the function and responsibilty of Cost Accounting?
What are the function and responsiblity of Cost Accounting
What are the various classifications of cost accounting?
what are the various classification of cost accounting?
Advantages and disadvantages of cost accounting?
cost accounting advantage & disadvantage
Advantages of historical cost accounting?
strength of historical cost accounting
What accounting applications are you familiar with?
accounts payable
