Transcription of Unit - 1 : Introduction to Cost Accounting - DPHU
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Unit - 1 : Introduction to Cost Accounting - DPHU
1 Unit - 1 : Introduction to cost AccountingStructure of of of cost of cost Accounting of a Good cost Accounting Accounting vs. Financial of cost Assessment completing this unit, you will be able to: To assertion and control cost . Determining selling price. Facilitating preparation of financial and other statements. To reduce cost . To provide base for operating the initial stages cost Accounting was merely considered to be a technique for ascertainment of costof products or services on the basis of historical data. In course of time due to competitive nature ofthe market, it was realized that ascertainment of cost is not as important as controlling costs. Hence, costaccounting started to be considered more as a technique for cost control a s compared to cost to technological development in all fields, now cost reduction has also come within the ambit of costaccounting.
1 Unit - 1 : Introduction to Cost Accounting Structure of Unit: 1.0 Objectives 1.1 Introduction 1.2 Branches of Accounting 1.3 Emergence of Cost Accounting
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