Cost accounting

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Title: Cost accounting

Essay Details:

Subject: Miscellaneous

Author: Louise A

Date: May 20, 2016

Level: College

Grade: A

Length: 1 / 160

Essay text:

On the other hand, cost accounting is limited predominantly to use within the company to aid management in the process of making choices that will benefit the stockholders by maximizing company profits that translate into maximizing stockholder wealth. Since the information is used internally, the information may be presented on any logical basis just so long as it will aid the manager to reach an appropriate, informed decision. A few concepts in cost accounting, however, form the bridge between financial and managerial accounting topics. One such concept is that of product costing for a manufacturing company...

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