Wahid's verdict - How Cost accounting serves to management process in an organization inside & how Cost Accounting is typically utilized

Wahid's verdict - How Cost accounting serves to management process in an organization inside & how Cost Accounting is typically utilized

Conclusion: Cost accounting information is designed for managers. Since managers are taking decisions only for their own organization, there is no need for the information to be comparable to similar information from other organizations. Instead, the important criterion is that the information must be relevant to decisions that managers operating in a particular environment of business including strategy make. Cost accounting information is commonly used in financial accounting information, but first concentrating in its use by managers to make decisions

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