the difference between cost accounting and management accounting
- 3 Answers
- 5518 Views
- Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / amit
COST ACCOUNTING :- COST ACCOUNTING IS RELATED TO PRODUCITION. ITS OBJECTIVEIS TO TELL THE COST OF COMMODITY OF PRODUCTION.IT HELP TO THE PRICISING OF COMMOIDTY.
MANAGMENT ACCOUNTING :- IT IS REQUIRED BY THE MANAGER FOR TAKE DAY TO DAY SHORT TERM DESICION.IT UNLIKE FINANCIAL ACCOUNT BECAUSE IT ACCOUNT MAKE IN ENDING OF THE FY YEAR.THESE ACCOUNTS SHOW THE AMOUNT OF AVAILABE CASH, SALES REVANUE, AMOUNT OF ORDER IN HAND,STATES OF BILLS PAYBEL & RECIVABLE,OUTSTANDING DEBT, RAW MATERIAL AND IN-PROCESS INVENTORY. IT ACCOUNTS MAKE IN WEEKLY & MONTHLY.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / reddy
COST ACCOUNTING :- THIS IS USED FOR FINDING THE BUSSINES
PROFIT/LOSS,AND BALANCE SHEET DETAILS.
MANAGMENT ACCOUNT :- THIS IS USED FOR FIND THE DIFFRENCES IN
ONE YEAR TO ANOTHER YEAR BUSINESS POSISSION AND
CALUCULATE THE SHARE CAPITAL AND RATIOS
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / aj
Differences Between Cost Accounting And Management Accounting
Main distinction between Cost Accounting and Management Accounting are as follows.
1. Cost accounting deals with ascertainment , allocation , apportionment accounting aspect of costs.Management accounting deals with the effect and impact of costs on the business.
2. Cost accounting provides a base for management accounting whereas management accounting is derived from cost accounting and financial accounting.
3. Cost accounting does not include financial accounting ,tax planningand tax accounting. Management accounting includes financial and cost accounting , tax accounting and tax planning.
4. Cost accounting is concerned with short term planning. Managementaccountingis concerned with short range and long range planning.
5. Cost accounting merelyassiststhe management with functioning.Management accounting assists and evaluates the managementperformance.
6. Cost accounting can be installed with management accounting but management accounting can not be installed without cost and financial accounting.
| Is This Answer Correct ? | 0 Yes | 0 No |
Distinguish between liability and provisions?please explain it?
what is the difference between Income and Receipts
Expand---------RTPS
What tax form should an LLC with two partners use?
EXPAND___________JPEG
bill to addres? ship to addres? rimit to address?
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
What is balance sheet? How you come to know after seeing balance sheet that economic condition is good or bad any organisation?
Expand SOIT
why did rbi hiked repo and reverse ratio and how it will effect the market
what are Miscellaneous expenses? where it posted ?give with example and why it is call miscellaneous expenses
what is sharesplit and types of it explain?
3 Answers Capital IQ, Deloitte,
Audit 
