Cost accounting is all of the following except:
A) A process of gathering and summarizing information
B) Preparing employee evaluation reports
C) Preparing information for internal reporting and decision making
D) Preparing information used in financial statements

Question

Quizplus · Accepted Answer

Cost accounting involves gathering and summarizing information, preparing information for internal reporting and decision making, and preparing information used in financial statements. However, it does not involve preparing employee evaluation reports. That is typically part of the human resources function.

Cost Accounting Is All of the Following Except