Cost Accounting Cost Accounting
Cost accounting is a branch of accounting that focuses on analyzing, recording, and tracking the costs associated with a business's operations. It involves identifying, measuring, and allocating expenses in order to assess the profitability and efficiency of different aspects of the organization. Cost accounting helps companies make informed decisions about pricing, budgeting, and resource allocation by providing detailed insights into the costs of producing goods or services. This discipline plays a crucial role in strategic planning and performance evaluation for businesses of all sizes and industries.
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