{"id":4095,"date":"2017-03-09T10:33:39","date_gmt":"2017-03-09T10:33:39","guid":{"rendered":"https:\/\/www.getsmarter.com\/blog\/?p=4095"},"modified":"2025-11-13T14:42:59","modified_gmt":"2025-11-13T12:42:59","slug":"cost-and-management-accounting-important","status":"publish","type":"post","link":"https:\/\/www.getsmarter.com\/blog\/cost-and-management-accounting-important\/","title":{"rendered":"Why is cost and management accounting important? | FAQs"},"content":{"rendered":"\n<p>To find out more about what makes cost and management accounting important, watch this short video, where Janine Daniels, Head Tutor of the <a href=\"https:\/\/www.getsmarter.com\/courses\/za\/uct-cost-and-management-accounting-online-short-course\" target=\"_blank\" rel=\"noopener noreferrer\">University of Cape Town Cost and Management Accounting online short course<\/a>, guides you through its central role in an organisation.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/dXO-BlT_qY8\" width=\"960\" height=\"540\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n\n\n<p>Wondering about the role of cost and management accounting in a business, and what makes cost and management accounting important?<\/p>\n<p>It all comes down to the bottom line: managing revenue and costs to maximise profit and sustain profitability.<\/p>\n<h5 style=\"text-align: center;\">Want to be able to apply your financial insights to ensure that your business sets the right goals and makes the right decisions?<\/h5>\n<p style=\"text-align: center;\">Become an invaluable member of your organisation, with the <a href=\"https:\/\/www.getsmarter.com\/courses\/za\/uct-cost-and-management-accounting-online-short-course\" target=\"_blank\" rel=\"noopener noreferrer\">UCT Cost and Management Accounting online short course<\/a>.<\/p>\n<p style=\"text-align: center;\"><strong><a class=\"button large postcta\" href=\"https:\/\/www.getsmarter.com\/courses\/za\/uct-cost-and-management-accounting-online-short-course\" target=\"_blank\" rel=\"noopener noreferrer\">FIND OUT MORE<\/a><\/strong><\/p>\n<blockquote>\n<p>Transcription:<\/p>\n<p>Companies are always looking for ways to boost sales and increase profits. Revenue, cost and profit are all important factors in determining the success of a business. To maximise profits and sustain profitability, revenue as well as cost should be managed. Effective cost management will free up cost and capital funds, which then can be reinvested to grow the business or spent on other investment opportunities.<\/p>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>Learn more about the role of cost and management accounting in a business.<\/p>\n","protected":false},"author":74,"featured_media":44505,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[128],"article-format":[],"class_list":["post-4095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-career-advice","tag-finance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Is Cost And Management Accounting Important?<\/title>\n<meta name=\"description\" content=\"Wondering about the role of cost and management accounting in a business, and what makes cost and management accounting important? Watch this short video.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.getsmarter.com\/blog\/cost-and-management-accounting-important\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why is cost and management accounting important? | FAQs\" \/>\n<meta property=\"og:description\" content=\"Wondering about the role of cost and management accounting in a business, and what makes cost and management accounting important? Watch this short video.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.getsmarter.com\/blog\/cost-and-management-accounting-important\/\" \/>\n<meta property=\"og:site_name\" content=\"GetSmarter Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-09T10:33:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-13T12:42:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2017\/03\/Getsmarter_Why-is-cost-and-management-accounting-important_-_-FAQs_Blog_1500X844.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"844\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shameel Mohanlal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GetSmarter Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.getsmarter.com\/blog\/cost-and-management-accounting-important\/#primaryimage\",\"url\":\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2017\/03\/Getsmarter_Why-is-cost-and-management-accounting-important_-_-FAQs_Blog_1500X844.jpg\",\"contentUrl\":\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2017\/03\/Getsmarter_Why-is-cost-and-management-accounting-important_-_-FAQs_Blog_1500X844.jpg\",\"width\":1500,\"height\":844},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.getsmarter.com\/blog\/cost-and-management-accounting-important\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.getsmarter.com\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blog\",\"item\":\"https:\/\/www.getsmarter.com\/blog\"}]}]}<\/script>\n<meta property=\"og:video\" content=\"https:\/\/www.youtube.com\/embed\/dXO-BlT_qY8\" \/>\n<meta property=\"og:video:type\" content=\"text\/html\" \/>\n<meta property=\"og:video:duration\" content=\"40\" \/>\n<meta property=\"og:video:width\" content=\"480\" \/>\n<meta property=\"og:video:height\" content=\"270\" \/>\n<meta property=\"ya:ovs:adult\" content=\"false\" \/>\n<meta property=\"ya:ovs:upload_date\" content=\"2017-03-09T10:33:39+00:00\" \/>\n<meta property=\"ya:ovs:allow_embed\" content=\"true\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why Is Cost And Management Accounting Important?","description":"Wondering about the role of cost and management accounting in a business, and what makes cost and management accounting important? Watch this short video.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.getsmarter.com\/blog\/cost-and-management-accounting-important\/","og_locale":"en_US","og_type":"article","og_title":"Why is cost and management accounting important? | FAQs","og_description":"Wondering about the role of cost and management accounting in a business, and what makes cost and management accounting important? Watch this short video.","og_url":"https:\/\/www.getsmarter.com\/blog\/cost-and-management-accounting-important\/","og_site_name":"GetSmarter Blog","article_published_time":"2017-03-09T10:33:39+00:00","article_modified_time":"2025-11-13T12:42:59+00:00","og_image":[{"width":1500,"height":844,"url":"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2017\/03\/Getsmarter_Why-is-cost-and-management-accounting-important_-_-FAQs_Blog_1500X844.jpg","type":"image\/jpeg"}],"author":"Shameel Mohanlal","twitter_card":"summary_large_image","twitter_misc":{"Written by":"GetSmarter Staff","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.getsmarter.com\/blog\/cost-and-management-accounting-important\/#primaryimage","url":"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2017\/03\/Getsmarter_Why-is-cost-and-management-accounting-important_-_-FAQs_Blog_1500X844.jpg","contentUrl":"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2017\/03\/Getsmarter_Why-is-cost-and-management-accounting-important_-_-FAQs_Blog_1500X844.jpg","width":1500,"height":844},{"@type":"BreadcrumbList","@id":"https:\/\/www.getsmarter.com\/blog\/cost-and-management-accounting-important\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.getsmarter.com"},{"@type":"ListItem","position":2,"name":"Blog","item":"https:\/\/www.getsmarter.com\/blog"}]}]},"og_video":"https:\/\/www.youtube.com\/embed\/dXO-BlT_qY8","og_video_type":"text\/html","og_video_duration":"40","og_video_width":"480","og_video_height":"270","ya_ovs_adult":"false","ya_ovs_upload_date":"2017-03-09T10:33:39+00:00","ya_ovs_allow_embed":"true"},"_links":{"self":[{"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/posts\/4095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/comments?post=4095"}],"version-history":[{"count":6,"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/posts\/4095\/revisions"}],"predecessor-version":[{"id":52664,"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/posts\/4095\/revisions\/52664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/media\/44505"}],"wp:attachment":[{"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/media?parent=4095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/categories?post=4095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/tags?post=4095"},{"taxonomy":"article-format","embeddable":true,"href":"https:\/\/www.getsmarter.com\/blog\/wp-json\/wp\/v2\/article-format?post=4095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}