difference between financial accounting and cost accounting
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Answer Posted / abubakari peter
financial accounting seeks to provide financial information
to internal users such as employees as well as stake holder
or external users such as equity share holders, creditors
(debenture holders,trade creditors),investors and to the
general public.
cost accounting provide information for internal
consumption whic helps the various departments in an
organization in their day to day operations.it could be
done daily, weekly or monthly depending on the culture and
volume of work.
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