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Cost accounting advantages: how does cost accounting help in control over material and supplies?

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تم إضافة السؤال من قبل Mounia Adel , Communications Officer , Etisalat
تاريخ النشر: 2017/08/29
Francois Agenbach
من قبل Francois Agenbach , Corporate (Group) Executive Chef , The Culinary Concierge

I believe cost accounting reduces the variable risks of procurement processes. It further contributes to the effective management and control over material and supply costs, especially in a largely import environment. Understanding, managing and applying cost accounting principles, is essentially the departure point of effective reselling and greatly assists in financial controls.

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