THE MANAGEMENT AND THE

COST ACCOUNTANT
MANAGEMENT
-is a set of principles relating to the
functions of planning, organizing, directing and
controlling and the application of these
principles in harnessing physical, financial,
human and informational resources efficiently
and effectively to achieve organizational goals.
Cost Accountant

-is
a financial specialist who
determines the actual costs
associated with providing a
service or manufacturing.
 - they scrutinized all of the

associated expenses within the

supply chain
 Primary Duties of Cost Accountant
 they are responsible for collecting, validating,
and communicating data for the purposes of
financial transparency and process
improvements
 they are responsible for the initiating the

month-end closing and reporting process

which they in turn submit in the management
 they set standard cost of business process

such as labor, shipping production and

administration
 They maintain the data