Cost Accounting Assignment Help, Cost Accounting Homework Help
Our team at
AssignmentDesign.com
provides homework help, assignment help
and project help in
Accounting at all levels. Our team of
accounting experts provides help, guidance and explanation in various areas in
Accounting to students of
Australia,
US, UK, Canada, UAE, Singapore, Malaysia, Saudi Arabia and HongKong. You will get prompt
assignment advice with the needed explanation from our experts.We also provide accounting online classes. Please contact us for further
details.
In this branch of accounting, the collection, classification
and recording of all the costs involved in
an activity is done. Based on the
summary and analysis of this data, a selling price is finalized.
Unlike
financial accounting where money is treated as a measure of
economic performance,
cost accounting treats money as a factor of production.
The costs examined include input costs at
each stage of production and fixed costs like
depreciation of capital equipment. The input costs
are first examined and
measured and then are compared with the outputs or results .This will assist
the
company management in measuring financial performance.
Cost accounting was developed mainly due to the
limitations of financial accounting namely no
clear idea of operating
efficiency, inability to fix the price, weakness not spotted out by collective
results, non classification of expenses and accounts, no data for comparison and
decision making,
no control on cost, non provision of standards for performance
assessment, only historical
information provided, no loss analysis, inadequate
information for reports and non answering some
questions. The guiding principles
of cost accounting include the mandatory relationship
of the
costs to its causes, requirement of charging costs only after its
incurrence, need for ignoring the
convention of prudence, need for exclusion of
abnormal costs from past accounts, need for non
charging past accounts to future
periods, need for application of double entry principles.
The main differences between financial accounting
and cost accounting are the following. While financial
accounting aims at safeguarding the interests of businesses and
stakeholders, cost accounting helps in the management
guidance for proper control and decision-making. While financial
accounts are mandatory for meeting the needs of Companies Act, Income
Tax and other statutes, cost accounts are needed only
for management purposes. The focus of financial accounting is profitability
while that of cost accounting is cost ascertainment. While financial accounts
disclose net profits or losses, cost accounts disclose profits and losses of
each product.
While financial accounts deal with
actual facts and figures, cost accounts deal with estimates of these.
Financial accounts are concerned with external transactions while
cost accounts are concerned with internal transactions. In
financial accounts, aggregate figures are provided while in
cost accounts, costs are broken into pieces. Cost
Accounts provide valuable information on the relative efficiencies of
various plants and machinery while financial accounts do not
provide these much valuable information. In financial accounts,
stock valuation is at cost or market price, while in cost accounts;
it is done only at cost price.
AssignmentDesign.com provides
expert help on wide range of subjects. We
provide assistance for students on their assignments, homework, projects with
detailed analysis and explanation apart from providing online tutoring services,
essay/paper editing services and dissertation and thesis consulting services at
very affordable prices. Our team helped scores of students in institutes,
regular and online universities and online programs.
TAGS: - Cost Accounting |
Cost Accounting Tutors | Online Cost Accounting
Tutors | Cost
Accounting Homework |Cost Accounting Homework Help| Cost Accounting Assignment
Help | Cost
Accounting Assignment | Cost Accounting Assignment Help Services |
Cost Accounting
Assignment
tutors | Live Cost Accounting Assignment Help | Online Cost
Accounting Assignment Help| Cost
Accounting solutions| cost accounting experts, Advanced
Cost accounting help, Cost accounting
help,Intermediate Cost Accounting Homework Help, Cost Accounting case study assignment
help, graduate Cost Accounting assignment help ,undergraduate Cost Accounting homework
help
Cost Accounting Assignment Help /
Cost Accounting Homework Help is available at our services
in 2 simple steps.
1. Submit
Cost
Accounting Assignment / Cost Accounting Homework /Accounting
tutoring requirements below.
2.
Contact us via contact
form/email/ live chat to get a quote.