Management Notes

Reference Notes for Management

Scope of Cost Accounting | 6 – Major Scopes | Cost Accounting

Scope of Cost Accounting

Scope of Cost Accounting

➦ The scope of cost accounting goes beyond analyzing the expenses associated with a product or activity.

➦ A variety of aspects are taken into account, including types of costs, potential business ventures, budget preparation, and profitability analysis.

➦ This information can be used by business owners to make better decisions, eliminate unnecessary expenses, and increase revenue.

The scope of cost accounting is very broad and includes:

Scope of Cost Accounting

Read more