ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Business Management >> Finance
 
 


 

 
 Business Administration interview questions  Business Administration Interview Questions (411)
 Marketing Sales interview questions  Marketing Sales Interview Questions (871)
 Finance interview questions  Finance Interview Questions (1026)
 Human Resources interview questions  Human Resources Interview Questions (699)
 Personnel Management interview questions  Personnel Management Interview Questions (11)
 Hotel Management interview questions  Hotel Management Interview Questions (17)
 Industrial Management interview questions  Industrial Management Interview Questions (58)
 Infrastructure Management interview questions  Infrastructure Management Interview Questions (12)
 IT Management interview questions  IT Management Interview Questions (87)
 Non Technical interview questions  Non Technical Interview Questions (67)
 Business Management AllOther interview questions  Business Management AllOther Interview Questions (363)
Question
difference Between Cost Accounting and Financial Accounting?
 Question Submitted By :: Nandu
I also faced this Question!!     Rank Answer Posted By  
 
  Re: difference Between Cost Accounting and Financial Accounting?
Answer
# 51
COST ACCOUNTING IS RELATED TO KNOWING COST OF THE PRODUCT.
FINANCIAL ACCOUNTING IS RELATED TO BUSINESS KNOWHOW OF A
COMPANY.
 
Is This Answer Correct ?    3 Yes 0 No
Siraj
 
  Re: difference Between Cost Accounting and Financial Accounting?
Answer
# 52
financial acconting is always in monetry form but cost
accounting is in both monetry and non monetry form
 
Is This Answer Correct ?    2 Yes 0 No
Fari
 
  Re: difference Between Cost Accounting and Financial Accounting?
Answer
# 53
cost accounting is the method of evaluate of cost that
matireal,labours overheads and financial accounting helped
the knowing the financial positation of company .
 
Is This Answer Correct ?    4 Yes 0 No
Manisha
 
  Re: difference Between Cost Accounting and Financial Accounting?
Answer
# 54
All the expenses that incured from raw material to finished
product but Financial accounting is that where all the
Financial transation incurred.
 
Is This Answer Correct ?    0 Yes 2 No
Vickneswor Nayak
 
  Re: difference Between Cost Accounting and Financial Accounting?
Answer
# 55
cost accounting is used to know the actual cost of a product
which is incurred at various stage to making a product as a
finished goods.it provides information to the management to
fix the sale price of a product.
financial accounting gives information to management that
why they able to know financial position of enterprises or
company.here financial position means p/L a/c, B/S, cash
flow and fund flow statement including ratio analysis.
 
Is This Answer Correct ?    0 Yes 0 No
Arvind Kumar
 
  Re: difference Between Cost Accounting and Financial Accounting?
Answer
# 56
FINANCIAL ACCOUNTING:
Financial Accounting is a systematical way to prepare the financial statements of an organization is order to get the true and fair view profit or loss. These financial statements are organized for decision making, stockholders, Banker, Supplier, Shareholders, Government Agencies, and other stakeholders. The basic requirement to prepare financial statement is to examine and reduce the dead expenses by measuring the expenses and income status and to reporting the result to interested users. These statements are organized for outsiders who do not take part in day to day organizational activities.

COST ACCOUNTING:
Cost accounting ascertains budget and actual cost of production, operations, departments, process and the analysis of variance. Cost accounting is used to support decision-making to reduce cost of organization and improve its profitability. Cost accounting does not require standards as (GAAP) Generally Accepted Accounting Principles, as its primary use is for internal management, rather than outside people.
 
Is This Answer Correct ?    0 Yes 0 No
Praveen T
 

 
 
 
Other Finance Interview Questions
 
  Question Asked @ Answers
 
What is debt? Nagarjuna-Fertilizers 16
What is BEP? How is it calculated? Thomson 18
What is swap?   12
6. Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?   1
sir, i have done my mba in finance from pune university. so which type job i will deserve in the industrial sector.   1
why is forex market and gold market are in inverse action?   2
How will depreciation affect PAT?   4
how do you tackle a difficult customer State-Bank-Of-India-SBI 7
IS BANK RATE AND REPO RATE THE SAME   5
What is NASDAQ?   8
What Is Reverse Split?   2
what do you mean by securities??   3
 
For more Finance Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com