The cost has been classified according to its elements. Next, we will consider cost according to behaviour. Examining cost according...
Cost accounting
Costs are usually incurred in the normal day to day business activities. In any business type, some costs are closely...
In the previous lesson, the elements of cost were summarised. However, during the course of the lesson, the focus was...
Cost accounting generally deals with the cost of producing goods and rendering services. Knowledge of this cost can help businesses...
Taxes are compulsory rates that every citizen of a country should pay. The government of the country set out procedures,...
To ensure an appropriate report from the cost accountant, the enterprise must set up a good cost accounting information system....
Accounting is a broad course. Several branches of this noble subject exist. Four of which are financial accounting, cost accounting,...
Cost accounting has earlier been defined as the application of costing principles, methods, processes, etc, to compute the cost of...
Cost accounting is of advantage as a field of study and an integral part of businesses. The data and information...
The major objective of cost accounting is to ascertain the cost of producing goods per unit or the cost per...
