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Costing

Costing

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Published by: aibm on Sep 09, 2009
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06/28/2011

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Accounting for managers
Assignment
Prepared by :-srikanta
 
What iscost accounting?
It is the process of accounting for cost. The process begins withrecording of income & expenditure and ends with preparation of statically data. It
COSTINGIS AN AID TOMANAGEMENT
.
Planning, decision-making & control are the three importantfunctions
 
PLANNING:
Thinking in advance . In planning, management isconcernedWith laying down objectives & determining the courses of actionManagement has to make a choice of one course of action outof several alternatives course of action available, it involves
DECISION-MAKING:CONTROLLING:
It is the part of management activity whereby managerscompare actual performance against the plannedperformance, find out the deviation &take remedial steps toremove the deviation .so simply we can say control means

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