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कौनसा प्रक्रिया मूल्यों को पहचानने और मापने के बाद संचित करता है?
कौनसा प्रक्रिया मूल्यों को पहचानने और मापने के बाद संचित करता है?
सामान्यत: खरीद की मूल्य की गणना किस प्रक्रिया पर आधारित होती है?
सामान्यत: खरीद की मूल्य की गणना किस प्रक्रिया पर आधारित होती है?
किस प्रक्रिया में कंपनी उत्पादों या सेवाओं की व्यक्तिगत इकाइयों का पता लगा सकती है?
किस प्रक्रिया में कंपनी उत्पादों या सेवाओं की व्यक्तिगत इकाइयों का पता लगा सकती है?
कौनसी प्रमुख प्रक्रिया उत्पादों की मूल्यों को संसार करती है?
कौनसी प्रमुख प्रक्रिया उत्पादों की मूल्यों को संसार करती है?
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Budgets किस के लिए क्रियाशील होते हैं?
Budgets किस के लिए क्रियाशील होते हैं?
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Cost reports कि मुख्य समर्थन किसमें है?
Cost reports कि मुख्य समर्थन किसमें है?
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कॉस्ट अकाउंटिंग का मुख्यत: कार्य क्या है?
कॉस्ट अकाउंटिंग का मुख्यत: कार्य क्या है?
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सीधे लागू की गई लागतों में से कौन-सी है?
सीधे लागू की गई लागतों में से कौन-सी है?
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प्रक्रिया लागत क्या है?
प्रक्रिया लागत क्या है?
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सीधे श्रम से संबंधित लागतों में से कौन-सी है?
सीधे श्रम से संबंधित लागतों में से कौन-सी है?
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Cost accounting किसके लिए महत्वपूर्ण है?
Cost accounting किसके लिए महत्वपूर्ण है?
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Indirect costs से संबंधित है?
Indirect costs से संबंधित है?
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Study Notes
Management Accounting: Unveiling Cost Accounting's Role
Management accounting is a strategic practice that supports decision-making within an organization, providing valuable financial insights to help managers make informed choices. One of the most fundamental components of management accounting, and the focus of this article, is cost accounting—the process of identifying, measuring, accumulating, and communicating product and service costs to aid in managerial decision-making.
Cost accounting is divided into two primary areas: product costing and process costing. Product costing, a method applicable to organizations manufacturing unique products or services, assigns costs to individual items or jobs. Process costing, on the other hand, is used by companies that produce homogeneous products in large quantities through repetitive processes.
Identifying Costs
Cost accounting begins by identifying the relevant costs that impact a product or service. These costs are classified into two categories: direct costs and indirect costs. Direct costs are those that can be directly traced to a specific product or service, such as the cost of raw materials, direct labor, and overheads applied to a job or production order. Indirect costs, also known as overheads, are those that cannot be directly traced to a specific unit of production but are necessary for the operation of the business.
Measuring Costs
Once costs are identified, they are measured. There are several methods for measuring costs, but the two most common are standard costing and actual costing. Standard costing assigns predetermined costs to a product or service, based on estimated unit costs, while actual costing uses the actual costs incurred in the production process.
Accumulating Costs
After costs are identified and measured, they are accumulated. There are two primary methods used to accumulate costs: specific identification and periodic inventory. Specific identification is used when a company can trace individual units of products or services through the production process. Periodic inventory, the most widely used method, involves periodic physical inventory counts to determine the cost of goods completed or in-process.
Communicating Costs
Lastly, cost accounting communicates cost information to decision-makers. Management accounting uses several tools to communicate cost information, such as:
- Cost reports: Financial reports that summarize costs by department, function, or product.
- Budgets: Financial plans that allocate resources, establish goals, and provide a basis for measuring performance.
- Performance reports: Financial reports that compare actual performance to budgeted performance, highlighting variances and providing insights into cost behavior.
Cost Accounting's Role in Managerial Decision-Making
Cost accounting is essential for managerial decision-making because it provides valuable financial insights that enable managers to make informed choices. By providing detailed cost information, cost accounting helps managers understand the true cost of their products or services, make pricing decisions, and identify areas for cost reduction.
In addition, cost accounting plays a critical role in performance measurement and evaluation. By comparing actual costs to budgeted costs, managers can identify areas of inefficiency and strategic improvement opportunities.
Cost accounting is a dynamic and evolving field that continues to adapt to the changing needs of businesses. As companies evolve, so do the techniques and tools used by cost accountants. Regardless of the specific methods and techniques used, the fundamental role of cost accounting in management accounting remains the same—to provide valuable financial insights that inform managerial decisions.
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Description
इस क्विज़ में, व्यवसाय में लागू मूल कॉस्ट अकाउंटिंग के महत्वपूर्ण कौशलों को समझें और जांचें। कॉस्ट अकाउंटिंग का एक प्रमुख क्षेत्र, मानक कॉस्टिंग और वास्तविक कॉस्टिंग, की महत्वपूर्णता और कार्यान्वयन के प्रश्न पर जानकारी प्राप्त करें।
