Describe the purpose and elements of an effective cost accounting system.

Team Assignment
Need a least 200 words for each bullet

Describe the purpose and elements of an effective cost accounting system.
Recommend the best accounting system for the team members’ respective places of employment or a business where they are interested in pursuing employment. Provide a rationale for the recommendations. If not enough information is available for all companies, provide suggested considerations needed to make the determination.
Format the assignment consistent with APA guidelines.

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