It has been Rightly said that- "Cost Accounting is an invaluable aid to the Management"

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Cost Accounting is an invaluable aid to the Management because of the some reason, they are


Cost Accounting indicates the unprofitable activities, losses and wastage of labour &other resources

Cost Accounting  provides suitable data to management in order to take different vital decission for the company

Cost Accounting helps the management in cost control by setting standards for different  cost and marketing comparision of actual cost with such standard cost

It provides cost figures to Govt. authority, wage tribunals, labour unon etc for different issues

The perpetual inventory system helps the organisation to have effective control over the stock in the store in the store

Cost Accounting provides detail and relevant cost figures for fixing sales price of products

To Know About Cost Accounting Limitations