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Cost Accounting is the process of recording, classifying, summarising and analysing all costs incurred in performing a process or product.This information forms the basis for many strategic decisions.
As a CMA, this is one of your core competency areas. So, you need to understand these concepts in detail.Acting as an advisor to businesses, you need to know how to help them control their costs.You need to understand the relationship among Cost Accounting, Management Accounting and Financial Accounting.
The best approach to study Cost Accounting
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