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Cost accountancy historical development @ mba

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Babasab Patil
Babasab Patil

Cost accounting evolved from manual bookkeeping practices in the 19th century and saw major developments before and after both World Wars. It is encouraged by professional organizations and helps businesses with important tasks like determining selling prices, preparing financial statements, making operating decisions, and establishing accurate unit costs. Adopting cost accounting provides benefits like eliminating inefficiencies, presenting accurate financial reports, and developing cost comparisons to increase efficiency.

BusinessEconomy & Finance
1 of 16
Evolution, Importance and Advantages of Cost Accounting
Historical Development (Evolution) ,[object Object],[object Object]
[object Object],[object Object]
[object Object],[object Object],[object Object]
[object Object]
Case Study Based on Cost Accounting
Facts of the Case ,[object Object],[object Object]
[object Object],[object Object]
[object Object],[object Object]
Questions for Discussion
(1) How cost Accounting helps the firm in determining the Selling Price? ,[object Object]
(2) According to you, by adopting Cost Accounting method, Can a firm prepare a Financial Statement? ,[object Object]
(3) Which kind of operating policy decision can we take by using Cost Accounting Method? ,[object Object],[object Object],[object Object],[object Object],[object Object]
(4) From the case, what are the benefits/ Advantages enjoyed by a firm, by adopting Cost Accounting? ,[object Object],[object Object],[object Object]
Other Importance of Cost Accounting ,[object Object],[object Object]
Other Advantages ,[object Object],[object Object],[object Object],[object Object]

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