Cost Accounting Basics Pdf. 2 18 ana mª arias alvarez universityof oviedo introduction to costaccounting opencourseware 1 1. This may be defined as any point at which costs are gathered in order to control cost fix responsibility and enable costs to be recharged on an equitable basis.
Objectives of cost accounting there is a relationship among information needs of management cost accounting objectives and techniques and tools used for analysis in cost accounting. Costs and cost terminology. This is an activity that uses engineering time and motion studies timekeeper s records and planning schedules from production supervisors.
1 5 2 management accounting 1 5 3 cost accounting 1 5 4 distinction between financial and management accounting 1 6 summary 1 7 keywords 1 8 self assessment questions 1 9 references suggested readings 1 0 objectives after going through this lesson you will be able to understand the meaning and nature of accounting.
This may be defined as any point at which costs are gathered in order to control cost fix responsibility and enable costs to be recharged on an equitable basis. Costs and cost terminology. This may be defined as any point at which costs are gathered in order to control cost fix responsibility and enable costs to be recharged on an equitable basis. A cost accounting records ledgers and cost statements b items excluded from cost and normal and abnormal items cost c integral accounts d reconciliation of cost accounting records with financial accounts.
