Cost accounting
Cost accounting appeared in the late eighteenth century due to the need of economic units to use factors of production and achieve control over them, especially after the emergence of the industrial revolution. Accompanied by an increase in production and the expansion of the size of projects, there has become a scarcity of production factors that are provided. Therefore, it has become necessary to have cost accounting to calculate material costs and not to be extravagant, which leads to increased profit and production.
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