Question

cost accounting is an aid to management. discuss in detail in support of this statement and explain
​

Answer 1

Answer:

Costing —An aid to management basically means that cost cost accounting helps to management to carrying out most of its functions. it provides basic cost data and perform cost functions that provide the management will all the information they require.

it standardizes, record, analyses, compares, report and make recommendations. only financial accounting data will not suffice, as it will not provide the management will all the information it require.