Cost accounting as a
subject: Accounting is a subject that studies the process of any systematic
and proper recording of all types of financial transactions in the economy as
well as in any particular organization. Education is divided in many academic
disciplines among all accounting is such a discipline that plays an important
and vital role in maintaining balance in the economy. Further accounting is
classified under different fields and each field has its own importance and
plays a particular role. Cost accounting is one such field in accounting which
deals with the entire cost factor. We can also relate application of cost
accounting with financial accounting as both are related to monetary factor.
