Monday, December 1, 2008

Scope of Cost Accounting

It is very important for MBA students to know the scope of cost accounting because when they will go to his practical field , they can fix their responsibilities according to the scope of cost accounting . The cost accounting 's scope is limited up to the control of cost. It is started from ascertain of different costs. The responsible person calculates the cost of their cost centre . After calculating all jobs , centres ,operating cost , we see that it is accordance to standard prefixed budget , if it is more than our budgeted cost , then the scope of cost accounting includes extra control . So , all universities has included cost accounting in the syllabus of MBA classes.
See also
Objective of Cost Accounting

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