the difference between cost accounting and management accounting
Answers were Sorted based on User's Feedback
Answer / amit
COST ACCOUNTING :- COST ACCOUNTING IS RELATED TO PRODUCITION. ITS OBJECTIVEIS TO TELL THE COST OF COMMODITY OF PRODUCTION.IT HELP TO THE PRICISING OF COMMOIDTY.
MANAGMENT ACCOUNTING :- IT IS REQUIRED BY THE MANAGER FOR TAKE DAY TO DAY SHORT TERM DESICION.IT UNLIKE FINANCIAL ACCOUNT BECAUSE IT ACCOUNT MAKE IN ENDING OF THE FY YEAR.THESE ACCOUNTS SHOW THE AMOUNT OF AVAILABE CASH, SALES REVANUE, AMOUNT OF ORDER IN HAND,STATES OF BILLS PAYBEL & RECIVABLE,OUTSTANDING DEBT, RAW MATERIAL AND IN-PROCESS INVENTORY. IT ACCOUNTS MAKE IN WEEKLY & MONTHLY.
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / reddy
COST ACCOUNTING :- THIS IS USED FOR FINDING THE BUSSINES
PROFIT/LOSS,AND BALANCE SHEET DETAILS.
MANAGMENT ACCOUNT :- THIS IS USED FOR FIND THE DIFFRENCES IN
ONE YEAR TO ANOTHER YEAR BUSINESS POSISSION AND
CALUCULATE THE SHARE CAPITAL AND RATIOS
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / aj
Differences Between Cost Accounting And Management Accounting
Main distinction between Cost Accounting and Management Accounting are as follows.
1. Cost accounting deals with ascertainment , allocation , apportionment accounting aspect of costs.Management accounting deals with the effect and impact of costs on the business.
2. Cost accounting provides a base for management accounting whereas management accounting is derived from cost accounting and financial accounting.
3. Cost accounting does not include financial accounting ,tax planningand tax accounting. Management accounting includes financial and cost accounting , tax accounting and tax planning.
4. Cost accounting is concerned with short term planning. Managementaccountingis concerned with short range and long range planning.
5. Cost accounting merelyassiststhe management with functioning.Management accounting assists and evaluates the managementperformance.
6. Cost accounting can be installed with management accounting but management accounting can not be installed without cost and financial accounting.
Is This Answer Correct ? | 0 Yes | 0 No |
Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com
You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.
E-1,E-2 form received against which sale?
What does IMAP stand for
what is vat and sales tex?
break even point
Distinguish between sale and consignment
Can anybody tell me about the liability positions of 1.Sole trader 2.Partnership 3.Pvt ltd co 4.Public ltd co
what is the difference between intangible assets and fictious assets
How to value fixed interest stocks, at year-end?
what are the characteristics of financial accounting
what is the difference between Income and Receipts