Importance of cost Accounting

One main importance of cost accounting is to overcome the limitations of financial accounting . The following are the importance of cost accounting : 

1. Reveals profitable and unprofitable activities ,

2. Help in cost control ,

3. Helps in decision - making ,

4. Helps in fix selling price , 

5. Helps in inventory control ,

6. Helps in formulating policies ,

7. Helps in cost reduction , 

8. Reveals idle capacity ,

9. Checks the accuracy of financial accounts , ETC.