An Analytical Study of the Impact of Cost Accounting on Profitability

Author(s)	MAHESH KUMAR
Country	India
Abstract	The term ‘Cost Management’ has not been defined as such. However it can be said that cost management identifies, collects, measures, classifies and reports information that is useful to managers and other internal users in cost ascertainment, planning, controlling and decision making. Cost management aims to produce and provide information to internal users and personnel working in the organization. Effective management of cost makes an organization more strong, more stable and helps in improving the potentials of a business. The organization calls for a system that would monitor the full economic impact of the business, on resource acquisition and consumption. This provides supplying of information to the top management for exploring various alternatives by which cost effectiveness can be improved. Cost management also helps in optimizing resources which will improve overall efficiency of the organization and help the firm to achieve its objectives.
Keywords	Cost Accounting , Management Decision Making, Information System, Investors Cost Management, Profitability
Field	Business Administration
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-04-10
Cite This	An Analytical Study of the Impact of Cost Accounting on Profitability - MAHESH KUMAR - IJFMR Volume 6, Issue 2, March-April 2024.

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