La Contabilidad de Costos y su relación en el ámbito de aplicación de las entidades Manufactureras o Industriales

Abstract

The objective of this article is to publicize the important role that Cost Accounting performs in Manufacturing or Industrial companies.

Cost accounting is a technical Branch of General Accounting with elements and accounting operations that are used in the productive area, in order to assign or determine the cost of a finished product.

That is why cost accounting is aplicable to all types of companies, especially companies engaged in the transformation of raw materials into finished products, such as manufacturing or industrial companies.

Within the industrial companies, Cost Accounting functions as an effective tool that provides necessary information that directly helps the managers of each of these companies to make decisions related to production, structure of the company or in turn allows that administrators choose new strategies that allow them optimize their resources.