Accounting Cost Accounting
Cost accounting is a branch of accounting that focuses on analyzing, recording, and tracking the costs associated with producing goods or services. It involves the identification, measurement, analysis, and interpretation of costs in order to help businesses make informed decisions about pricing, budgeting, and resource allocation. Cost accountants use various methods, such as job costing, process costing, and activity-based costing, to allocate costs to products or services. The goal of cost accounting is to provide management with accurate and relevant cost information to improve efficiency, control costs, and maximize profitability.
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