Fundamentals of cost accounting helping students through the maze. The business world presents an array of twists and turns, and getting through them successfully takes informed decision making and a perspective that view immediately ahead.Students entering the business world need to navigate a maze of information systemsambiguous situations, and value-and nonvalue added activies.
Cost management is important to organizations because it is more than measuring and reporting cost that have occurred. Focused on the future impacts of current or proposed decisions. Cost management is a philosophy, an attitude, and a set of techniques to create more value at lower cost.