This course helps the learners to understand the various cost concepts, its classifications and how its usful for decision making

This course provides the students with thwe knowledge of important concepts and techniques needed by managers in planning, control, management and decision making in business organisation

The main objective of cost accounting is communicating financial information to management for planning, evaluating and controlling performance, and also to assist management to make more informed decisions. Its data is used by managers to guide their decisions.

Cost Accounting is the reporting and analysis of company's cost structure.It involves assigning of costs to cost objects that can iclude company products and services any business activities

Introduce students to aspects of cost and management accounting in the creation of information for management decision making.

The purpose of this chapter is to introduce the basic concepts of cost accounting, terminologies and distinguish cost accounting from financial accounting. It is aimed at making it clear on what cost accounting is all about and introduce some of the terminologies used in the chapters that follow.

Cost accounting is broad and extends beyond calculating production costs for inventory valuation, which government-reporting requirements largely dictate. However accountants do not allow external reporting requirements to determine how they measure and control internal organizations activities. In fact, cost accounting focus is shifting from inventory valuation for financial reporting to costing for decision making.

This study determines the relationship between Cost Accounting Techniques and Financial Performance of Small and Medium Scale Enterprise in Kisii County. In this study, we have two variables, Cost Accounting Techniques as the independent variables and Financial Performance as the dependent variable. Both of these variables have their dimensions and measures which will assist the researcher to find out the relationship Cost Accounting Techniques have on Financial Performance of Small and Medium Scale Enterprise in Kisii County. The methodology adopted was descriptive survey design to collect both primary and secondary data. The population of this study consist OF 4,535 registered owners of small and medium scale enterprises in Kisii County. The sampling technique used was the non- probability sampling technique, also the sample size was determined using the Taro Yamane’s formula (1964) which was 367. The instrument used for data collection was the questionnaire in five Likert scale. 367 copies of questionnaire were distributed which 248 was retrieved for the analysis. The data were analyzed using simple percentage and mean score, while hypotheses were tested using the Spearman Ranking Order Correlation with the help of SPSS to establish the significance of relationship between the various variables used in the Study. The result indicated that there is a significant relationship between Cost Accounting Techniques and Financial Performance y. From the above it was recommended that Small scale business operator units should ensure that complete and accurate business records are kept because they are essential for decision making. This can be ensured by undertaking course training about records keeping, and hiring knowledgeable and skilled workers.