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    • CommentAuthorKabir
    • CommentTimeSep 30th 2009
     
    what is cost accounting?
    • CommentAuthoralexer
    • CommentTimeOct 2nd 2009
     
    Cost accounting is often used within a company to aid in decision making, financial accounting is what the outside investor community typically sees, shareholders etc. Financial accounting is a different representation of costs and financial performance that includes a company's assets and liabilities, financial statements. Cost accounting can be most beneficial as a tool for management in budgeting and in setting up cost control programs, which can improve net margins for the company in the future.



 

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