Essays on Cost Accounting

Essentially, managerial accounting is done to inform an internal audience while the financial accountant’s records are focused on the needs of an external audience with respect to the organization. Managerial accounting emerges as an operational tool compared to financial accounting that serves the primary purpose...

Inventory is a major current asset for any organization since its associate with many different costs. Therefore managing inventory is essential which is why the concept of inventory management has evolved. There are different inventory control techniques deployed by organizations along with their inventory holding...

Life can be so much simpler when we uncover a significant tip or learn a hidden trick. Whether we are scanning through Instagram, Reddit, Facebook, or Pinterest, shortcuts can be used in order to spend less and save more. Here are six methods to make...

There are 7 types of accounting which is government accounting, forensic accounting, cost accounting, auditing, tax accountant, financial accounting and management accounting. Government accounting or also known as public sector accounting, refers to the type of accounting information system used in the public sector. Government...

I would not recommend the use of single company-wide cost of capital in all ExxonMobil (XOM) business units. This is because, different business units encounter distinctive risk levels and cost structures, hence, the ExxonMobil wide cost of capital must be modified for every unit, with...

Introduction Tide, Old Spice, Crest, Ivory, Swiffer. The chances are that most consumers in the United States and the rest of the Western world have heard of these brands, and associate them with specific types of products. Procter & Gamble is one of the leading...

Waging war is very expensive and costly. As Sun Tzu notes in his book, In the operations of war, where there are in the field a thousand swift chariots, as many heavy chariots, and a hundred thousand mail-clad soldiers, with provisions enough to carry them...

Analysis and Control of Production Cost Introduction The cost incurred by the company is the production cost that is a combination of labor, raw materials, and other additional expenses. Costs provide an overview of the total construction expenditure (Jstor, 2015 p. 436). Cost planning techniques...