The Institute of Management Accountants and its Managerial Costing Task Force released an exposure draft Monday examining managerial costing practices and how managers should decide which practices ...

Would you ever make a decision in your business without thinking about the costs? Of course not. Analyzing the costs related to any decision is at the heart of the management process. However, costs ...

The Institute of Management Accountants has released a new report explaining how accountants can improve their organization’s costing models, tools and information to support better decision making.

Costing can be confusing. This is true for accountants as well as manufacturing managers. First, there are conflicting terms such as management accounting, cost accounting, product costing, managerial ...

A process costing system is a technique used within the manufacturing industry to determine the total production cost of a unit of merchandise. It is particularly used in environments where production ...