Accounting Costing is the process of analyzing, recording, and allocating costs associated with a company’s production and operations. By using accounting costing methods such as budgeting and activity-based costing (ABC), businesses can identify ways to reduce expenses, maximize their profits, and maintain efficient operations. Through careful analysis of the cost data, organizations can assess how their business activities affect their financial position and develop strategies for improvement. Accounting Costing also helps companies determine how much to charge for services or goods to ensure a fair rate of return on investments. With the help of Accounting Costing, businesses can make informed decisions about pricing, allocation of resources, and even long-term planning.