cost is the amount of the expenditure. In cost accounting 
we can find cost of goods and services. 

financial accouts shows the profit and loss and balance 
sheet made during an accounting period, and also financial 
position of the business as on a particular date.

cost accouting provides the management detailed information 
regarding cost of each product, services etc.

FINANCIAL ACCOUNTING	

Financial accounting is concerned with preparation of 
financial statements for decision makers, such as 
stockholders, suppliers, banks, government agencies, 
owners, and other stakeholders.	

Financial accounting is one branch of accounting and 
historically has involved processes by which financial 
information about a business is recorded, classified, 
summarised, interpreted, and communicated; for public 
companies, this information is generally publicly-
accessible. By contrast management accounting information 
is used within an organisation and is usually confidential 
and accessible only to a small group, mostly decision-
makers. Tax Accounting is the accounting needed to comply 
with jurisdictional tax regulations
It is used for the external users such as the investors, 
shareholders etc.

Financial accouts shows the profit and loss and balance 
sheet made during an accounting period, and also financial 
position of the business as on a particular date.


COST ACCOUNTING

Cost accounting on the other hand is the process of 
tracking, recording and analyzing costs associated with the 
products or activities of an organization. Usually used in 
manufacturing, service and companies where the focus is in 
costs...

Costs are measured in units of nominal currency by 
convention. Cost accounting can be viewed as translating 
the Supply Chain (the series of events in the production 
process that, in concert, result in a product) into 
financial values.

It is used for the internal use for the estimation of the 
cost of a product or project.
Cost is the amount of the expenditure. In cost accounting 
we can find cost of goods and services. cost accouting 
provides the management detailed information regarding cost 
of each product, services etc.

in the present day of business world it is necessary for
business concern to conduct its activities with most
efficient manner. it is also very  essential for a
manufacturer to know the cost of unit producing in a
manufacturing concern.similarly every business unit is
interested in knowing  what is the cost of rendering
services or what it the cost of producing  an article.

A type of debt instrument that is not secured by physical
asset or collateral. Debentures are backed only by the
general creditworthiness and reputation of the issuer. Both
corporations and governments frequently issue this type of
bond in order to secure capital. Like other types of bonds,
debentures are documented in an indenture. 

Reporting the financial position performance of the firm
through financial statements issued to the external users on
the periodic basis.