Description
At the end of this chapter, the learner will be able to:
- Discuss the origin of Accounting.
- Distinguish cost accounting from management accounting and financial accounting.
- Explain the scope and objectives of cost accounting.
- Discuss the different kinds of costs in a manufacturing operation.
- Describe the cost components of manufacturing operations.
- Enumerate and explain the different systems of cost accumulation.
- Enumerate and discuss the kinds of inventories in a manufacturing company.
