ACC206: Principles of Accounting II
Accounting is the collection and aggregation of information for decision makers including managers, investors, regulators, lenders, and the public. Accounting systems affect behavior and management and have affects across departments, organizations, and even countries. This paper will give the reader an understanding about cost accounting. This paper will discuss: Why is cost accounting so important to the success of the firm; what are the various methods of cost accounting and how are they used; how does an operating budget work to discipline a firm's management; what are the elements of a budget; how are budgets constructed; what is variance analysis and how it is used.
Excerpt from file: Running head: COST 1 CostAccounting ACC206:PrinciplesofAccountingII Professor StudentsName Date Running head: COST 2 CostAccounting Accountingisthecollectionandaggregationofinformationfordecisionmakers includingmanagers,investors,regulators,lenders,andthepublic.Accountingsystemsaffect
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Print Length: 9 Pages/Slides
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