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Now, welcome to our world of Cost Accounting studies

In management accounting, cost accounting establishes budget and actual cost of operations, processes, departments or product and the analysis of variances, profitability or social use of funds. Managers use cost accounting to support decision-making to cut a company's costs and improve profitability.

Some of its sub-disciplines being standardized or standard cost accounting, Lean accounting, Activity-based costing, Resource consumption accounting, Throughput accounting, Marginal costing/cost-volume-profit analysis etc makes cost accounting play a pivotal role in management accounting and demands specific attention towards every minute detail in the study and analysis of cost accounting which of course needs expert assistance.

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