Cost Accounting
Cost Accounting
Cost accounting is a type of managerial accounting used by a company’s internal management team to identify the company’s overall cost of production by evaluating the variable costs of each stage of production as well as fixed costs, such as lease expenses.
The costs are assessed and recorded individually to compare input costs with output results to evaluate present financial performance and thereby improve future financial decision making for business growth.
Being one of the Leading Financial Accounting firms in UAE, we advise all our clients to implement a proper cost accounting. This is a very important aspect of any business as errors in cost accounting will directly impact the product pricing, profitability and will result in failure of the business.