Costing is a specific type of accounting process which aims to identify and record the cost of production of a company. Basically there are three types of costs of a production material, labor and expenses. The recording of these three costs in general is called Cost accounting. In accounting financial statements of a company such as balance sheet, income statement etc are presented and made annually but the presentation and analysis of costs related transactions is on daily basis the main reason behind this is because you have to compare the costs with the profit and on the basis of this information you make further decision for future production.
About the Author: Cost Accounting pdf By Nenita D. Mejorada:
Nenita D. Mejorada is the writer and author of this book. She is a student of CPA and did BBA and ACS. She is the First Philipine to write any book about commerce.
Features of Cost Accounting pdf By Nenita D. Mejorada:
- The book contains 387 pages.
- The book is divided into twelve chapters.
- Its chapters are divided in a very effective manners like starting from the basics of cost accounting with explaining each and every aspect in a more good and simple words along with examples to the last topics.
- The tables and methods of formats of cost accounting are provided with the topics.
Summary Of Cost Accounting pdf By Nenita D. Mejorada:
The main problems which the students face in cost accounting is the identification of direct and indirect materials, labor and expenses and the formulas with the help of which recording is done. This book able the students to learn these things in a very interesting i.e first explains it then show the format and after that exercises and practical problems are provided for students for practice. Cost accounting matches all the needs of the university student of commerce.
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