Cost Accounting & Variance Analysis

Cost and management accounting is a core function for any production business. It presumes the costs of production classification by divisions and processes as well as by direct and overhead.

The final objective of costing is to determine the cost of production for each finished product and work in progress. By doing so, the cost accounting provides important valuation for inventories in financial accounting. As long as the cost structure and production processes are designed the next challenge for management comes to the costs control through budgeting and variance analysis.

Alt offers to the clients our knowledge and practical experience in cost and management accounting. We can assist the management with cost accounting department organization and information system design. Having understood the technology of production we can further recommend on the cost structure and control procedures including complex variances calculation and analysis.