B Com Exam > B Com Questions > what is the different of cost accounting and ...
Start Learning for Free
what is the different of cost accounting and financial accounting
Most Upvoted Answer
what is the different of cost accounting and financial accounting Rela...
1-- cost accounting is inwardly focused on management decisions,while financial accounting is focused on issuing financial statements to outside parties.
2-- cost accounting records both historical and per determined costs. conversly financial accounting records only historical costs.
3-- users of cost accounting is limited to internal management of the entity, whereas users of financial accounting are internal as well as external parties.
4-- cost accounting compiles the cost of raw material, work in process and finished goods while financial accounting, incorporates this information into its financial reports ( balance sheet ).
5--the structure of financial accounting reports are govern by either generally accepted accounting principal or thare is no regulatory frame work governing cost accounting.
6--financial accounting personnel issue report at the end whereas cost accounting staff may issue reports at any time.
2-- cost accounting records both historical and per determined costs. conversly financial accounting records only historical costs.
3-- users of cost accounting is limited to internal management of the entity, whereas users of financial accounting are internal as well as external parties.
4-- cost accounting compiles the cost of raw material, work in process and finished goods while financial accounting, incorporates this information into its financial reports ( balance sheet ).
5--the structure of financial accounting reports are govern by either generally accepted accounting principal or thare is no regulatory frame work governing cost accounting.
6--financial accounting personnel issue report at the end whereas cost accounting staff may issue reports at any time.
|
Explore Courses for B Com exam
|
|
what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management
Question Description
what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management.
what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management.
Solutions for what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management in English & in Hindi are available as part of our courses for B Com.
Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management defined & explained in the simplest way possible. Besides giving the explanation of
what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management, a detailed solution for what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management has been provided alongside types of what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management theory, EduRev gives you an
ample number of questions to practice what is the different of cost accounting and financial accounting Related: Trading - Principles of Accounting, Accountancy and Financial Management tests, examples and also practice B Com tests.
|
|
Explore Courses for B Com exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup