Fundamental components of cost accounting system

Outline the fundamental components of cost accounting system. Why is it seen to be of the utmost importance for the cots accounting system to do a reconciliation with the financial accounts When it comes to dealing with cost accounting systems, how can consistency be achieved. Conceive the ideas behind the Direct Materials Costs, which are going to be used in the process of determining the cost accounts?  describe the nature of labor expenses in any dimension that is studied and used in cost accounting concepts. Provide some insight into the many uses that administrative expenses have in cost accounting.

n accounting system is a set of accounting processes with integrated procedures and controls. The intent of an accounting system is to record business transactions, summarize those transactions into an aggregated form, and create reports that can be used by decision makers to monitor, analyze, and improve operations.