Cost accounting is a free choice of the entrepreneur who will be able to take into consideration a number of elements and correlate them in order to attain a conclusion.
The job of the controller is to analyze the data in order to obtain statistics that can provide answers and useful data for the business.
Example: How much raw material is used to produce a finished product? How many products are produced in one hour? What is the most profitable product? What is the margin generated for each product?
Knowing all this data is essential to allow continuous improvement. Because this is the life of the entrepreneur: do not rest, always look for a way to improve yourself and your business.
If the general accounting proceeds to an analysis at a general level, the cost accounting makes it possible to take into account the revenues and costs which refer to a specific sector.