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Accounting

Essential to the effective operation of any Cost and Management Accounting system in any business is the ability to define the cost units and cost centres.
You are required to:
a) Explain the term "cost unit" and illustrate your answer by reference to any businesses that you are familiar with.
b) Explain the term "cost centre" and describe how a company will use cost centres in a management accounting system.
c) Outline and explain the various works of the management accountant in a typical manufacturing company.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978374

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