In cost Accounting there are lot of methods followed to have better control to reduce the the cost without of hampering the quality of product/service.
In material management, functions like setting various level of stock , determine the pricing method of material to be issued and received and fixation of accounting policy for recording of data etc etc are performed.
In material management, functions like setting various level of stock , determine the pricing method of material to be issued and received and fixation of accounting policy for recording of data etc etc are performed.