To better understand each other, we can also say that it is a branch of accounting that distributes the expenses and income of each line of business, product, department, client... to calculate results separately.
2. What is it used for?
Keeping analytical australia email list accounting is not mandatory, but many companies do it because it is a good tool for controlling the business without requiring much effort.
This allows you to analyze in depth the income that has been generated, the costs that have been incurred, calculate the profitability of your products and understand the reasons for the results you are obtaining.
It can also help you control the costs of projects, departments, stores, production centers, suppliers, etc. and make decisions about them.
2.1. Decision making
In order to make important decisions in your business, it is very important that you analyze the information you have and understand the context before changing anything. In this sense, cost accounting can be very useful.
