Types of costs associated with managerial accounting, explained by our small business accountants in Melbourne
In accounting, a cost measures how much you have to sacrifice for a specific resource or asset. Managerial accounting must give managers accurate cost information relevant to their individual management decisions. Our small business accountants in Melbourne have listed several cost-related terms that small businesses may encounter regularly:
For more information on the types of costs associated with managerial accounting, please contact our small business accountants in Melbourne today.