Accountants have been a necessary tool in all organizations such as sole proprietorships, partnerships, schools and governments. In fact, they have a great professional technique in an accounting rule that the government is able to measure and report financial information as organizations. This can also provide many positive impacts in running a business. Research shows there are three main ways accountants can keep business costs low, which involve internal and external actions. For internal control, the accountant is responsible for monitoring a company's finances. Other responsibilities include keeping track of liabilities, duties and taxes. Additionally, an accountant also provides analysis of valuation data on creditors or shareholders. This essay will attempt to demonstrate that through the principles of financial accounting, cost accounting and cost management, accountants can control business costs rather than modify customer demands. In research, there are three main forms of management accounting to control costs in an organization effectively and efficiently. They are financial accounting, cost accounting and cost management. Financial accounting is used authoritatively to prepare accounting information for parties external to the organization, such as shareholders, suppliers, and banks. Its purpose is to provide sufficient information to make decisions about controlling company costs and to analyze company budgets (Baldvinsdottir et al. 2009). This role will definitely help the company forecast its capital in the future. Additionally, the financial accountant's primary function involves measuring and recording business transactions. Additionally, they must provide financial statements… half paper… these methods of measuring the cost of doing business. Therefore, the accountant does not have the responsibility to directly monitor the needs of customers. Reference List Baldvinsdottir, G, Burns, J, Nørreklit, H, & Scapens, R, 2009, "The role of the management accountant", Financial Management, p. 34.Bana, SE (Panciu) & Sgârdea, F 2009, 'Cost management and cost control in organizational decision making', Annales Universitatis Apulensis: Series Oeconomica, vol. 11, no. 1, page. 65.Hoque, Z 2003, Strategic Management Accounting, 2nd Edition, Pearson Education Australia, Malaysia.Jiambalvo, J 2001, Management Accounting, John Wiley & Son, New York.Leer, J 2001, What is Cost Accounting? Viewed June 8, 2011, Tatum, M2001, What is Cost Accounting? Seen June 8 2011,