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Cost Accounting Mount Kenya University (MKU) Notes PDF. INTRODUCTION TO COST ACCOUNTING. Purpose The main object of this lesson is to introduce the learner toCost Accounting Notes · 1. Determining selling price The objective of determining the cost of products is of main importance in cost accounting. · 2. Controlling Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each step of Accounting is the process of identifying, measuring and communicating the economic information of an organization to its users. ICMA London has defined Cost Accounting as ?the .application of costing and cost Write notes on the following: (a) Job Evaluation and (b) Merit Rating. STUDY TEXT. Download more free notes at kasnebnotes.co.ke Distinguish between cost accounting and other accounting subjects such as financial. Principles, 9 Guidance Notes on Cost Accounting Standards and two Guidance Notes on “Treatment of. Costs Relating to Corporate Social Responsibility (CSR) STUDY NOTES. INTERMEDIATE : PAPER - 8. COST. ACCOUNTING. The Institute of Cost Accountants of India. CMA Bhawan, 12, Sudder Street, Kolkata - 700 016. The Institute of Cost and Management Accountants. of England defines Cost Accountancy as follows: "The application of costing and cost accounting Answer. Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each