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Difference between Financial Accounting and Cost Accounting

Everything you need to know about the difference between financial accounting and cost accounting. Financial accounting is primarily concerned with the preparation of financial state­ments, which summarise the results of operations for selected period of time and show the financial position of the company at particular dates. Cost accounting is primarily concerned with determination of cost of something, which may [...]

By |2023-06-21T14:23:52+00:00July 29, 2019|Difference Between|Comments Off on Difference between Financial Accounting and Cost Accounting

What is Cost Accounting?

Everything you need to know about cost accounting. Cost Accounting is a branch of accounting, which deals with the accumulation, classification, analysis, recording, allocation, summarization, interpretation, reporting, and control of current and prospective cost. It also includes determination of forecasted future cost and standard cost of products, services, activities, functions, responsibilities etc. Learn about:- 1. Evolution of Cost Accounting 2. [...]

By |2019-07-29T11:38:03+00:00July 29, 2019|What is Cost Accounting|Comments Off on What is Cost Accounting?

Management Accounting: Meaning, Nature, Characteristics, Objectives, Tools, Advantages and Limitations

In this article we will discuss about:- 1. Meaning of  Management Accounting 2. Nature of Management Accounting 3. Characteristics 4. Objectives and Functions 5. Tools and Techniques 6. Installation of Management Accounting System 7. Organisation 8. Advantages/ Merits/ Uses 9. Limitations. Management Accounting: Meaning, Nature, Characteristics, Objectives, Tools, Advantages and Limitations Contents: Meaning of  Management Accounting Nature of Management Accounting [...]

By |2018-06-18T11:02:00+00:00June 18, 2018|Management Accounting|Comments Off on Management Accounting: Meaning, Nature, Characteristics, Objectives, Tools, Advantages and Limitations
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