Archive | Differences

Difference between TMA and VCA | Cost Accounting

The upcoming discussion will update you about the difference between Traditional Management Accounting (TMA) and Value Chain Analysis (VCA). Difference # Traditional Management Accounting (TMA): 1. Focus – Internal 2. Perspective – Value added 3. Cost driver concept – Single cost driver (cost is function of volume). Application at the time overall firm level (cost […]

Absorption Costing and Marginal Costing

The upcoming discussion will update you about the difference between absorption costing and marginal costing.   Difference # Absorption Costing: 1. All costs fixed and variable are included for ascertaining the cost. 2. Different unit costs are obtained at different levels of output because of fixed expenses remaining same. 3. Difference between sales and total […]

Difference between Cost Control and Cost Reduction

The upcoming difference will update you about the difference between cost control and cost reduction. 1. Aim: Cost control aims at achieving the predetermined costs, whereas cost reduction aims at reduction of costs by finding new ways or methods to have continuous economy on costs. 2. Exercise: Cost control is a routine exercise which is […]

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