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what is the difference between financial accouning and
financial management
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Answer / praveen.kp
Finanacial accounting is recording of business transactions
in the books of accounts by taking consideration of
accounting policies & conventions in a systematic manner,
But where as financial management is utilization of the
funds in a productive manner, which helps in increasing the
profits of the company
| Is This Answer Correct ? | 18 Yes | 0 No |
Answer / anjana
financial accounting is the process of summarizing
financial data taken from an orgainzations accounting
records and presented in the form of annual reports for the
benifit of people outside the organisation.
financial management is planning directing monitoring
organizing aand controlling of the monetory resources of an
organization
| Is This Answer Correct ? | 10 Yes | 0 No |
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
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