Question 1. Does cost accounting differ from financial accounting? If so, how? When is cost accounting valuable to an organization? Where is cost accounting information stored and maintained?
Question 2. If cost accounting serves internal more than external purposes, do ethics matter not only in the development of the cost accounting system but also the uses of the output from the system?
Question 3. With the multitude of cost classifications, how does an organization precisely identify which costs belong where? How does an organization determine how costs behave? Consider payroll costs?what really drives them? Are there different drivers for different employees?