Financial accounting performs admirably, the function of portraying a true and fair overall picture of the results or activities carried on by an enterprise during a period and its financial position at the ... It turns out that cost management and cost control really are two different things, and yet they are equally important to have in place. In this article, we look at the difference and how they relate.
It includes activities such as planning, estimating, budgeting, financing, funding, managing, controlling, and benchmarking costs so that the project can be completed within time and the approved budget and the project performance could be improved in time. This course is designed for finance and accounting professionals looking to refresh their knowledge and gain specific skills in the field of cost and management accounting. It's also aimed at managers who want to improve their ability to make sound decisions based on financial insights, and business owners and entrepreneurs who need knowledge of costing techniques and systems. Azure Cost Management pricing.