COST ACCCOUNTING AND CONTROL
COST ACCCOUNTING
-determine how much the object, project or service cost.
- it is a discipline that focuses on techniques and method for
determining the cost of project, process, or services for the
purposes of planning and controlling activities.
-provides information that may be used for both internal and
external purposes.
ACCORDING TO:
Horngren
Cost Accounting- measures and reports financial and nonfinancial information relating to the cost acquiring or
consuming resources in an organization.
Rayburn
Cost Accounting- identifies, defines, measures, reports and
analyzes the various elements of direct and indirect cost
associated with the producing and marketing goods and
services. It also measures the performance, product quality
and productivity.