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Why is cost accounting a system of foresight and not a postmortem examination?

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What are the accounting lifecycle?

The accounting lifecycle is the analysis and examination of a product's economical and environmental impact through its lifetime. This lifecycle is also known as Life Cycle 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?

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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