COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following BEST described the job scope of Cost Accountant?
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help to prepare financial statement for an accounting period to assist stakeholders in making decision.
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help to plan, budget and set standard unit of costs and recommend appropriate cost-saving opportunities.
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help to record all business transaction of the business to assist managers to
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help to make economics decision for business
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Explanation:
Detailed explanation-1: -A Cost Accountant makes sure that the finances of an organization run smoothly. They focus on developing and maintaining adequate budgets, which include costs associated with operations such as employee benefits or marketing campaigns.
Detailed explanation-2: -An Accountant helps businesses make critical financial decisions by collecting, tracking, and correcting the company’s finances. They are responsible for financial audits, reconciling bank statements, and ensuring financial records are accurate throughout the year.
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