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Chapter-05 Cost Accounting

BOOK TITLE: Financial Management for Hospital Administration

Author
1. Kulkarni GR
2. Satyashankar P
3. Gomes Libert Anil
ISBN
9788184486247
DOI
10.5005/jp/books/10306_5
Edition
1/e
Publishing Year
2009
Pages
37
Author Affiliations
1. Mumbai, Maharashtra, India
2. SDM College of Medical Sciences and Hospital, Dharwad, Karnataka, India
3. Kasturba Medical College and Hospital, Manipal, Karnataka, India, Father Muller Medical College and Hospital, Mangalore, India, e-mail: anilmdha@outlook.com
Chapter keywords

Abstract

Cost accounting establishes the actual cost of operations, processes, departments and product. It determines current costs, estimates future costs and revenues and helps to canalize investments. Cost allocation helps to trace out the expenses to user departments and aids in pricing of the services rendered. The resulting data thus collected can be used to measure performance which will determine where to focus their operational improvement.

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