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 the cost accounting and management accounting are one and the […]
Difference Between Cost Accounting and Management Accounting
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Difference between IFRS and U.S. GAAP | Accounting
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In a comparison of IFRS and U.S. GAAP published in September 2005, Deloitte Touche Tohmatsu identified more than 100 differences in the two sets of standards. Exhibit 11.9 summarizes some of these differences. Note that a number of these differences are within the scope of the FASB-IASB convergent s projects and therefore are likely to […]
Private and Public Company: Difference | India | Accounting
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The upcoming discussion will update you about the differences between private and public company. Difference # Private Company: 1. The minimum number of members required to form a company is two. 2. The maximum number of members must not exceed fifty. 3. It must have two directors. 4. Shares are not freely transferable. 5. It […]