Role of Management Let’s see what is the role of management to manage a project. Management is the systematic process of planning, organizing, leading, and controlling the organizational resources, in such a way that to achieve the organizational goals effectively and efficiently. This is the role of management to manage an entire business.
Cost accounting is the process, art and science of calculating and determining the cost. Cost accounting is also the process of preparing cost related reports that help management immensely in determining the cost related business decisions, like setting the Product Price etc.