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Describes what an administrative cost system consists of. Why is the administrative cost system important? What are the functions of a cost management system? Describes

  1. Describes what an administrative cost system consists of.
  2. Why is the administrative cost system important?
  3. What are the functions of a cost management system?
  4. Describes the steps to design a cost management system.
  5. Explain which are the CMS Components.
  • Define the concepts
  • What's its purpose?
  • What is the difference between them?

Include references please, to know where to look for more information, Thanks!

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