Techniques of Cost Accounting free essay sample

Cost accounting information is commonly used in financial accounting  information, but first we are oncentrating in its use by managers to take decisions. The accountants who handle the cost accounting information generate add value by providing good information to managers who are taking decisions. Among the better decisions, the better performance of your  organization, regardless if it is a manufacturing company, a  bank, a  non-profit organization, a  government  agency, a school club or even a  business school. The cost-accounting system is the result of decisions made by managers of an organization and the environment in which they make them.The organizations and managers are most of the times interested in and worried for the  costs. The control of the costs of the past, present and future is part of the job of all the managers in a company. In the companies that try to have  profits, the control of costs affects directly to them. We will write a custom essay sample on Techniques of Cost Accounting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Knowing the costs of the products is essential for  decision-making  regarding  price  and mix assignation of products and services. The cost accounting systems can be important sources of information for the managers of a company.For this reason, the managers understand the forces and weaknesses of the cost accounting systems, and participate in the evaluation and evolution of the cost measurement and administration systems. Unlike the accounting systems that help in the preparation of  financial reports  periodically, the cost accounting systems and reports are not subject to rules and standards like the  Generally Accepted Accounting Principles. As a result, there is a wide variety in the cost accounting systems of the different companies and sometimes even in different parts of the same company or organization .