What is ‘cost accountancy’?

4 years ago
Financial Management

This is an important and most commonly asked financial analyst interview question. It is asked by many employers to check if the candidate has some basic understanding of cost accounting. This also appears to be one of the most common MBA Finance interview questions and answers.

Cost accountancy is the application of costing and cost accounting principles, methods, and techniques to the science, art, and practice of cost control and the ascertainment of profitability as well as the presentation of information for managerial decision-making.

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Susmita Sah
Susmita Sah
Jan 17, 2022
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