1
Overview of Cost Accounting
CHAPTER OUTLINE
LEARNING OBJECTIVES
After reading this chapter, you will be able to understand:
Evolution of cost accounting (CA)
Objectives of CA
Advantages of CA
Limitation of CA
Importance of CA to business concerns
Essentials of a good CA system
Cost accounting versus financial accounting (FA)
1.1 INTRODUCTION
Cost accounting (CA) has come to occupy a prominent place in a company's management accounting process. In order to develop the best methods to increase ...
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