Information on Cost accounting vs. Management accounting
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Answer / y.n.n
Cost accouting is considered as the technique and process
of ascertaining costs of a given thing.
Management accounting is a system that collects,
classifies,summaries, analyses and reports information that
will assist managers in their decision making and control
activies.
| Is This Answer Correct ? | 33 Yes | 6 No |
Answer / ashwini kumar
Cost Accounting may be a technique or a tool or a process
of ascertaning the cost of a cost centre and how to load
those cost on the relative profit centre of an organization
or a firm.
Management accounting is basically a system which defines
the collection, analysis, summary, reporting of the
information and the availabilty of the information and
assuring the availabilty of the information for a manager
to take a more appropriate decision. As we know Information
is the tool of a manager.
| Is This Answer Correct ? | 26 Yes | 1 No |
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