Is an approach to assessing the overall costs associated with conducting business. Generally based on standard accounting practices, cost accounting is one of the tools that managers use to determine what type and how much spending has to do with maintaining the current business model. At the same time, the principles of cost accounting can also be used to project changes to them in case of application-specific changes.
Cost and works accountant is a professional accounting qualification. Mainly people who work or want to work in industry or manufacturing sector, which follow this route to become a cost accountant.
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