What are some key charac. that help make cost accounting data beneficial to a firm's managers/decision makers?

What are some key charactistics that help make cost accounting data beneficial to a firm's managers/decision makers?

Not sure you mean what you write, "cost accounting" is the generic term to describe an accounting system that is based on the output, not on the type of expenses.

Under US GAAP (and nearly all government imposed accounting system) costs are grouped bases on the activity (employment costs, financial costs, production costs, depreciation, publicity, ...).
This is not very usefull for management purposes. At the very least management should know what are indirect and what are direct costs. If you have multiple products it's usefull to know the cost of each individual product (to know how high your price should be to make a profit).

The big problem with cost accounting are the indirect costs. the indirect costs should be attributed to each sold product.

Hi,

Accounting is such a tedious task, it includes a lots of calulation stuffs and everything. If you are serious on accounting,i hope atleast it covers the info that you need of. Hope this helps.

Thanks.

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