Dear Respected RG Members,
The scope of Cost Accounting (CA) is continously increasing due to its multidisciplinary nature. Therefore, we can observe the evolution of Cost Accounting (CA) in its definitions given by the experts of different areas.
In your opinion, which definition or definitions are the best to represent the scope of Cost Accounting (CA).
Thanks and regards
Cost accounting involves the techniques for: Establishing the costs of products, processes, projects, etc. in order to describe the exact sums on the financial statements, and
Supporting management in taking decisions and in the planning and control of an enterprise.
it is the process of recording costs incurred in a business in a way that can be used to improve its management. try to read about different costing systems and it is more of managerial accounting rather than financial accounting.
Cost accounting involves the techniques for: Establishing the costs of products, processes, projects, etc. in order to describe the exact sums on the financial statements, and
Supporting management in taking decisions and in the planning and control of an enterprise.
Dear Dr. Harit Satt,
Thanks for expert inputs. Thanks also to spare your precious time for valuable answer.
Thanks & Regards
Dear Dr. Ahmad Khalid Khan,
Thanks for expert inputs. Thanks also to spare your precious time for valuable answer.
Thanks & Regards
Dear Muhammad Ali Khan, you are most welcome, I love to answer if you have more query, provided I know the answer.
Thanks and regards
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