Fundamental Of Cost Accounting Assignment Help Experts
                     FUNDAMENTAL OF COST ACCOUNTING 
ACCOUNTING ASSIGNMENT HELP
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 WHAT IS COST accounting?
The process of gathering, recording, classifying, analyzing, 
summarizing, distributing and evaluating different control of costs and 
alternative course of action. It offers well-defined cost information that 
management requires to plan for the future and handle the present 
operations
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DIFFERENT SCOPES OF COST 
ACCOUNTING
There are various scopes of cost accounting that are
noted-blow.
• Costing
• Cost accounting
• Budgeting
• Cost control techniques
• Cost audit
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OBJECTIVES OF COST ACCOUNTING
Mentioned below are the objectives of cost accounting.
• To handle cost through different methodologies like
• standard costing, budgetary control, and inventory management.
• To give information for planning and decision making to
• carry on the operative process.
• It helps in controlling and directing various
• operations.
• Cost accounting helps in increasing costing profit.
• It motivates everyone to accomplish the goals of the
• organization.
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- ADVANTAGES OF COST ACCOUNTING
Various advantages of cost accounting are as follows.
• It guides future production policies
• Helpful to the government
• It helps in increasing the profit
• It offers information on which tenders and estimates are based
• It enables the periodical determination of gains and losses
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DISADVANTAGES OF COST ACCOUNTING
Mentioned below are some limitations or disadvantages of cost
accounting.
•   Lack of accuracy
•    Not suitable for small scale units
•    It is expensive
•    Does not control cost by itself
•    Use of secondary data
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