Cost Accountancy is a branch of accounting that focuses on capturing, analyzing, and controlling costs associated with a company's operations. It helps businesses understand their expenses, enabling them to make informed decisions about pricing, budgeting, and financial planning. By tracking costs, companies can identify areas for improvement and enhance profitability. The primary goal of Cost Accountancy is to provide detailed information about the costs of products or services. This information is crucial for management to evaluate performance, set financial goals, and implement cost-saving measures. Overall, it plays a vital role in strategic decision-making within an organization.