USA: +1-585-535-1023

UK: +44-208-133-5697

AUS: +61-280-07-5697

Advantages of cost Accounting

(i)  To disclose the profitable and unprofitable activities of the organisation.

(ii)  It supplies information upon which estimates and tenders are based.

(iii) To facilitate the introduction of suitable plans of wage payment to reward efficiency and to provide adequate incentive to the less efficient workers.

(iv)  Helpful to the Government.

(v)  Installation of Costing System will strengthen confidence in the minds of the public about the fairness of the prices charged.