1. Roshny Unnikrishnan
MACFAST

2. MACFAST COST ACCOUNTING 2

3. COST ACCOUNTING
The process of accounting from the point
at which expenditure incurred or
committed of its ultimate relationship
with cost centres and cost units.
MACFAST COST ACCOUNTING 3

4. A defined area, machine, or person to whom
direct and indirect costs are allocated.
COST UNIT
Unit of product or service for which cost is
computed.
MACFAST COST ACCOUNTING 4

5. COST ACCOUNTING-AN AID TO MANAGEMENT
Assists in periods of trade depression and trade
competition.
Aids price fixation.
Provides reliable basis for estimation and quotation.
Channelizes production on right lines.
Eliminates wastages.
MACFAST COST ACCOUNTING 5

6. Provides comparative data.
Provides data for preparing periodical profit and loss
account and balance sheet as and when required.
Determines and enchances efficiency.
Helps inventory control.
MACFAST COST ACCOUNTING 6

7. MACFAST COST ACCOUNTING 7

8. Is a specialised branch of accounting ,which involves
classification, accumulation, assignment and control
of costs.
Is establishment of budget, standard costs and actual
costs of operations, processes, activities or products
and analysis of variances, profit ability and social use
of funds.
MACFAST COST ACCOUNTING 8