Tag Archives | Comparison

Comparison between Cost Audit and Financial Audit

This article throws light upon the three points of comparison between cost audit and financial audit. The points are: 1. Functional Relationship 2. Co-Operation and Co-Ordination: Cost Audit and Financial Audit 3. Co-Operation and Co-Ordination: Cost Audit and Financial Audit. Comparison: Point # 1. Functional Relationship: There are some fundamental differences between the three forms of audit: Financial audit, Cost [...]

By S Authi|2016-06-14T08:47:16+00:00June 14, 2016|Cost Audit|Comments Off

Standard Cost and Estimated Cost | Cost Accountancy

Learn about the comparison between Standard Cost and Estimated Costs. Difference between Standard Cost and Estimated Cost (i) Objective: Estimated costs are intended to ascertain what the costs will be while standard costs aim at what costs should be. (ii) Calculation: Estimated costs are calculated on the basis of past performance being adjusted in the light of anticipated changes in [...]

By Pushpender Pal|2021-01-04T12:06:31+00:00June 13, 2016|Standard Costing|Comments Off

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