Cost Accounting

Description
It involves the study of recording, classifying, analyzing, and allocating costs associated with a business operation. Learners delve into cost concepts, cost behavior, and cost control techniques. They explore methods for cost estimation, budgeting, and variance analysis. Understanding cost accounting principles is essential for decision-making, performance evaluation, and strategic planning in business. Mastery of these concepts enables individuals to contribute effectively to financial management and control functions within organizations.