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From the Paper:" The purpose of this research is to examine the roles and uses of cost accounting. The concepts involved in cost accounting are also reviewed, and the use of cost accounting in a firm's decision-making processes is assessed.
COST ACCOUNTING: DEFINITION, ROLES,
CONCEPTS, AND APPLICATIONS
In the United States (US), cost accounting is a part of managerial accounting. Where financial accounting is concerned with recording actual financial transactions, managerial accounting is concerned with the discovery of relationships in financial data which enhance managerial decision-making (Garrison, 1986, p. 19)."
Cite this Research Paper:
Cost Accounting (2003, February 27) Retrieved June 16, 2019, from https://www.academon.com/research-paper/cost-accounting-17694/
"Cost Accounting" 27 February 2003. Web. 16 June. 2019. <https://www.academon.com/research-paper/cost-accounting-17694/>