The Importance Of Product Costing System For Companies, Essay.

The Role of Accounting in Business ManagementFrank, the owner of the company is of the view that accounting is not very important for the company and accounting is all about deducting all expenses from the income. He finds no relevance to look at the cost before setting up the price he wants to set the price based on the price that has been set by his competitors. Frank has a very less knowledge about the cost accounting systems so somebody ne…