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difference Between Cost Accounting and Financial Accounting?
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Answer Posted / job w muronda
cost accounting is the applicatin of accounting and costing
principles methods and techniques in the
ascertainment,classification,recording,allocating,summarisin
g,and presenting of costing information and the analysis of
savings and or excesses as compared with previous
experience or predetermined standards
on the other hand financial accounting is concerned wih the
stewardship obligation of management in relationship to the
external requirements of shareholders,creditors,prospective
investors and other interested parties outside the
organisation as well as internal management requirements
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