In research, there are three main form of management accounting to control the cost in an organization effectively and efficiently. They are financial accounting, cost accounting and cost management. Financial accounting is used authoritatively to prepare to account information for parties who are outside the organization, such as stockholders, suppliers and banks. Its’ purpose is to provide enough information to make decisions on business cost control and to analyze the business budgets (Baldvinsdottir et al.2009). This role will consummately help the company to forecast their capital in the future. In addition, financial accountant’s primary function of business involves measurement and recording business transactions. Furthermore, they have to provide financial statements ...
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... these methods to measure the cost on company activities. So, accountant hasn't responsibility to control customer needs straightforwardly.
Baldvinsdottir , G, Burns , J, Nørreklit, H, & Scapens, R, 2009, ‘The management accountant’s role’, Financial Management, p. 34.
Bana, SE (Panciu) & Sgârdea, F 2009, ‘Cost management and cost control in decisional process of organizations’, Annales Universitatis Apulensis : Series Oeconomica, vol. 11, no. 1, p. 65.
Hoque, Z 2003, Strategic Management Accounting, 2nd edn, Pearson Education Australia, Malaysia.
Jiambalvo, J 2001, Managerial Accounting, John Wiley & Son, New York.
Leer, J 2001, What is cost accounting? Viewed 08 June 2011,
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