1) The first objective of cost accounting is to provide both financial and non financial information to management by compiling, analyzing and transmitting data to management.
2) Cost Accounting helps in planning, controlling and can also be used for evaluation purposes.
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3) It also measures the sacrifices an organization makes in achieving the organizational goals or objectives.
4) The next objective of cost accounting is to trace all the costs which are relevant to management so that important decisions can be made easily.
5) The next objective of cost accounting is to help management in taking short term decisions by using the technique of marginal costing etc.