What is cost accounting?
Cost accounting is a way of processing data that can be used to make decisions. financial data different from general accounting.
It is an accounting system at the service of management. It is used to assess costs to better understand how your business is shaped. result.
Considered a management tool and’decision support, It is essential in certain situations companies, At a time when decision-making are getting shorter.
Is this compulsory?
No, but it is highly recommended in certain areas, in particular for determining costs, whether by activity, by site, by file, or for monitoring the various aspects of a project. functions production, marketing, after-sales service, etc.
So you can find out about revenue and expenses relating to a specific customer, for example.
What is the link with general accounting?
La cost accounting is based on general accounting data. However, there is no formalism unlike the latter.
Why opt for cost accounting?
It is fully adapted to the operation and use of the’organisation of the company, which makes it a steering tool financial support for the company director.
Cost accounting gives you an overview of projects, activities or construction sites to help you earn money and those who make you lose them.
You know your production costs so you can precisely determine your selling price.
You can assess your budgets accurately.
