Description
As a branch of accounting, cost accounting refers to the study and process of recording, analysing, classifying, summarizing, evaluating and collecting the ways of reducing and controlling the cost of business operations. Its main purpose is to provide better management solutions which can minimize the cost of executing the ideas with the same or better results. The various types of cost accounting are life cycle costing, standard cost accounting, target costing, throughput accounting, environmental accounting, etc. This book elucidates new techniques of cost accounting and their applications in a multidisciplinary approach. Some of the diverse topics covered in it address the varied branches that fall under this category. This textbook is an essential guide for both academicians and those who wish to pursue this discipline further.
