Skip to content
main navigation
Login
Username
Password
I forgot my password
Search
Search
Search
Home
Student Success Center
Admissions
Fast Track
Library
Online Help
You are here:
Academics
Business - BUS
Business Communications
BUS 368 FT - Business Communications
Blog
Main screen
Edit a post
Current view: Course Administrator
View as: Faculty
View as: Students
View this screen as a student
BUS 368 FT - Business Communications
Menu
Quick Links
Main Page
Course Faculty
Gradebook
Attendance
Week One: 1/9-1/15
Writing Resources & Tutor]]]]]]]]]
Week Four: 1/30-2/5
Week Five: 2/6-2/12
Mytalladega Support
Resources
Blog
Help
All My Courses
Free-form Content
Blog 1
Blog 2
Blog 3
Blog 4
Blog 5
play
Blog 6
Blog 7
Blog 8
Resourcesa
LocalProBook
Add a Page
Course Manager
Usage Statistics
Quick Links
Federal Student Aid Net Price Calculator
Student Email
Faculty/Staff Email
Talladega College
Sidebar
Blog
Send to Printer
Help
Preferences
Access
Options
Settings
MoxieManager
Blog
Edit a post
 
Content
Options
Headline:
Choose priority option
Priority:
Regular
High
Text:
<p>One of the several advantages of <a href="https://www.expertsmind.com/cost-accounting-homework-assignment-help.aspx" target="_blank" rel="noopener">cost accounting</a> is that it turns data into information, knowledge as well as wisdom about a business entity's operations that is useful for:<br />1) Reducing or managing costs, 2) Measuring performance 3) Determining the fees or prices for goods and services 4) Deciding to authorize modify or discontinue a program or activity<br />Once budgets are approved as well as executed cost information serves as a useful feedback on performance. Furthermore, costs may be evaluated to known or assumed benefits to identify value-added and non-value added activities. Dependable information on the cost of programs and activities is crucial for the effective management of a business entity's operations. Cost accounting is particularly important for fulfilling the objective of assessing operational performance. The objective is to get better the efficiency and effectiveness of operations by furnishing program managers and others with timely as well as relevant cost-based performance information to permit for continuous improvement in delivering outputs and outcomes to stakeholders. Cost accounting has been with us because early times to help managers understand the costs of running a business. Modern cost accounting create during the industrial revolution, when the difficulties of running a large scale business led to the development of systems for re<br />cording as well as tracking costs to help business owners and managers make decisions.<br />In the early industrial age, mainly of the costs acquired by a business were what modern accountants call "variable costs" for the reason that they varied directly with the amount of production. Managers could merely total the variable costs for a product as well as use this as a rough guide for decision-making.<br />Some costs tend to stay the same even during busy periods, different variable costs which rise and fall with volume of work. Over time the significance of these €fixed costs' has become more significant to managers. Instance of fixed costs comprise the depreciation of plant and equipment, and the cost of departments such as tooling, production control, maintenance, quality control, storage and handling, purchasing, plant supervision and engineering. In the before time twentieth century these costs were of little significance to most businesses. In modern accounting, costs are calculated in accordance with Generally Accepted Accounting Principles (GAAP). Cost accounting could as well be defined as a kind of management accounting that translates the Supply Chain into financial values.<br />In conclusion, for every business entity - from the small business enterprise to the large multinational corporation to become successful it requires the use of cost accounting concepts and practices. It provides major data to managers for planning and controlling and services, costing products and customers.</p>
Comments:
Enable Comments
Attribution:
Include your name as the author
Show to:
Context
:
BUS 368 FT - Business Communications
All users in BUS 368 FT - Business Communications
Faculty
Students
Select a base role
Base roles
All users
Include guests
<<
A-F
G-Z
>>
Administrators
Admissions Administrators
Admissions Counselors
Admissions Officers
Admissions page admin
Advancement Officers
Advisor Administrators
Advisors
Biology Dept.
Biology Portal
Business Office Administrators
Candidates
Check Point Users
Coaches
Constituents
Covid 19 Students
Employment Applicant
Faculty
Fast Track admin
Fast Track Students
Financial Aid Administrators
HR Module Manager
Library Admin
Login Form Test Group
PR
Reg Admin
Retention faculty
Retention Managers
Sandbox tab admins
Staff
Staff Administrators
Staff Retention Manager
Student Administrators
Student Life Admins
Students
When:
Select a start and end date and time
Start:
Start:
Display immediately
Display on
Pick Start Date
at
Enter a time
End:
End:
Keep in Archive
Delete on:
Pick End Date
at
Enter a time