Question - How does your work as a cost accountant help businesses?
Answer -
Through cost accounting, the business obtains lots of data used to determine whether a venture is profitable or not. They can either choose to drop it or improve on key areas for maximum profitability. It also helps businesses minimize wastages and thus widen the profit margin.
Lastly, this job reveals the cost of all the possible alternatives, allowing the business to settle on one that seems advantageous.