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.

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

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.

I am going to attend an interview for the post of Accounts Officer in NCMSL Co.(procurement co.),So pls help me for the interview.

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