Tag Archives | Cost Accounting and Management Accounting

Difference between Cost Accounting and Management Accounting

Everything you need to know about the key differences between cost accounting and management accounting. Cost Accounting and Management Accounting, are used interchangeably and are used in one and the same sense. Therefore, cost accounting supports management accounting and in turn management accounting pushes cost accounting further according to the needs of the management. Because of this strong bondage between [...]

By |2023-06-26T12:42:26+00:00August 29, 2019|Difference Between|Comments Off on Difference between Cost Accounting and Management Accounting

Cost Accounting and Management Accounting: Difference

The upcoming discussion will update you about the differences between cost accounting and management accounting. Difference # Cost Accounting: 1. Cost accounting is concerned more with the ascertainment, allocation, distribution and accounting aspects of costs. 2. The Cost Accounting data generally serves as a base to which the tools and techniques of Management Accounting can be applied to make it [...]

By |2023-06-21T14:17:24+00:00December 12, 2016|Difference Between|Comments Off on Cost Accounting and Management Accounting: Difference

Cost Accounting and Management Accounting

The upcoming discussion will update you about the difference between cost accounting and management accounting. Difference # Cost Accounting: 1. Deal with ā€“ Cost accounting deals with ascertainment, allocation, appointment and accounting aspect of costs. 2. Base ā€“ Cost accounting provides a base for management accounting. 3. Role ā€“ Cost accounting is helpful in collecting costing data for the management. [...]

By |2023-06-21T14:05:54+00:00June 18, 2016|Difference Between|Comments Off on Cost Accounting and Management Accounting
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