Cost Accounting Cost accounting is a type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance. Breaking It Down: While cost accounting is often used within a company to aid in decision making, financial accounting is...
Related to "Cost Accounting" | Cost Accounting - Video Cost accounting is the method of financially allocating expenses to goods that are manufactured... | |
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