{"id":4099,"date":"2017-03-09T10:29:34","date_gmt":"2017-03-09T10:29:34","guid":{"rendered":"https:\/\/www.getsmarter.com\/blog\/?p=4099"},"modified":"2025-11-07T14:45:10","modified_gmt":"2025-11-07T12:45:10","slug":"what-is-cost-and-management-accounting","status":"publish","type":"post","link":"https:\/\/www.getsmarter.com\/blog\/what-is-cost-and-management-accounting\/","title":{"rendered":"What is cost and management accounting? | FAQs"},"content":{"rendered":"<p>Watch this 1\u00a0minute video, where Janine Daniels, Head Tutor of the <a href=\"https:\/\/www.getsmarter.com\/products\/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>, further expands on the concept of cost accounting.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/RtzxWEcuxDk\" width=\"960\" height=\"540\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>Cost and management accounting is a form of accounting that aims to maximise profit by managing revenues and expenses. It provides data and reports used by managers to inform their strategies around long-term profit and growth.<\/p>\n<h5 style=\"text-align: center;\">Ready to develop the skills you need to become an expert in cost and management accounting?<\/h5>\n<p style=\"text-align: center;\">Become a key internal decision-maker at your business, with the UCT Cost and Management Accounting online short course.<\/p>\n<p style=\"text-align: center;\"><strong><a class=\"button large postcta\" href=\"https:\/\/www.getsmarter.com\/products\/uct-cost-and-management-accounting-online-short-course\" target=\"_blank\" rel=\"noopener noreferrer\">FIND OUT MORE<\/a><\/strong><\/p>\n<blockquote>\n<p style=\"text-align: left;\">Transcription:<\/p>\n<p>Cost management accounting is a form of accounting that aims to improve a company\u2019s profitability by managing, controlling and eliminating expenses. Cost accounting helps businesses determine the costs of products, projects and processes, which shows the company where its earning and losing money and is an integral part of budget planning. Cost and management accounting provides data and analyses reports that can be used by managers to make decisions that will lead to long term profits and growth.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Watch this 1-minute video to learn more.<\/p>\n","protected":false},"author":74,"featured_media":40223,"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-4099","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 v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Is Cost And Management Accounting? | FAQs<\/title>\n<meta name=\"description\" content=\"Cost and management accounting is a form of accounting that aims to maximise profit by managing revenues and expenses. 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