Re: difference Between Cost Accounting and Financial 
Accounting? 
Answer
# 3 financial accounting its recorded business transaction 
books of a/c's. that operating result of particular period 
and financial positon on a particular date can be known.

cost accounting refers to cost of production and job 
undertaken by the firm.
    0  Chandrasekar 
 
   
   Re: difference Between Cost Accounting and Financial 
Accounting? 
Answer
# 4 Cost accounting is related to calculate the cost of 
materails, labour, overheads and cost of related jobs and 
contracts.In company cost Accounting helps to calculate the 
real cost of production but finacial accounting is 
associated with maintaining the accounts in the company it 
maintains the flow of funds in the company.

cost accounting is important for knowing real cost of a 
product,controlling abnormal wastages, etc in a company.
managers intensely rely on work of cost accountants for 
internal decision making like make or buy product, etc.