Cost and Management Accounting

Cost and management accounting is a program of accounting that has the objective to maximize profits by managing income and expenses. It provides data and reports used by managers to inform their strategies for long-term
profitability and growth. Cost management accounting is a form of accounting that aims to improve the profitability of a business by managing, controlling and eliminating expenses. Cost accounting helps businesses determine the costs of products, projects, and processes, which shows where a business is losing money and is an integral part of budget planning. GTIM through this program gives and provides analytical and reporting data that can be used by students to execute plans and make decisions that lead to profitability and long-term growth.