Management bookkeeper/accountant can contribute in following manners towards cost transformaton of an organisation : -By causing a...

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Accounting

Management bookkeeper/accountant can contribute in followingmanners towards cost transformaton of an organisation :
-By causing a cost-conscious culture .
-By dealing with the risks inherent in driving costcompetitiveness.
-By associating items with profitability .
-By generating greatest value through new items.
-By incorporating sustainability to streamline or optimiseprofits.
-By understanding cost drivers, cost bookkeeping frameworks andprocesses.
Explain how this six ways can contribute towards costtransformation in an organisation.

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By causing a costconscious culture the cost conscious culture in companies achieved and maintained their low cost base by reduced demand and ensuring they identified the simplest solution If they didnt need to buy a particular product or service they wouldnt buy it If they need to buy something they would buy the lowest cost product or service that met their minimum requirementCost conscious reduce costs whenever possible for the organistaion It controls costs by eliminating superfluous expenses By dealing with the risks inherent in driving See Answer

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