what is a cost accountant
Cost accounting is a process of collecting, analyzing, summarizing and evaluating various alternative courses of action. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability.Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future. In financial accounting, cost classification based on type of transactions, e.g. salaries, repairs, insurance, stores etc. 2  In cost accounting, classification is basically on the basis of functions, activities, products, process and on internal planning and control and information needs of the organization.