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20 October 2010 What inportance of Cost accountant in our accounting system .

20 October 2010 A cost accountant specialises in navigating managerial decisions, stabilising budgets and standards, assessing operational efficiency and the effectiveness of production and service management, identifying accountability for profit variance. His responsibilities include: designing and implementing effective management information and control systems, planning costing systems and methods, inventory control incorporating mathematical models, investment analysis, project management, internal audit, cost audit, diagnosis in the case of sick industries, fund management, pricing planning, interpreting information and data related to business activities and translating them in such a way as to guide the core management into taking the right decisions.

20 October 2010 For more details see following link-----

https://www.icwai.org/icwai/docs/Student-Faq.pdf

20 October 2010 Hi



Please go to the following link:

https://ezinearticles.com/?The-Importance-of-Cost-Accounting&id=2140873


Regards

21 October 2010 This time IcwaI is demand in market as per policy. Thanks


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