For Business
Administrative Accounting & Costing
Financial Accounting provides accounting information to both decision-makers outside the financial unit and to the management of the financial unit itself.
Management Accounting is the process of recognizing, measuring, gathering, analyzing, presenting, interpreting and disclosing information, which help the Executives of the financial units, to achieve the best possible result, regarding the goals that have been set by them.
Systematic costing can give the entrepreneur amazing results and ensure the viability of his business. Through the cost study of a company one can achieve more effective resource management, price adjustment, better customer policy, bidding, production configuration and ordering.
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