Interested to Buy Any Domain ? << Click Here >> for more details...
the difference between cost accounting and management accounting
- 3 Answers
- 6852 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 |
Could u show me the sample TDS Document / Template
What is 100% EOu? what is the benifit and what is difficulty of it?
0 Answers Fleming Laboratories,
what is income tax
What is amortization?
38 Answers Brigade, Capital IQ, Sri Ram,
Sir i want bill payable meeaning,Entryes
how to a/c in all bank passbook entry in tally erp 9 and all bank passbook short form informetion
What is meant by the word Liquidation. Give examples
Expand---------RSTB
what is the difference between f.f.s and c.f.s?
What is direct tax & indirect tax
N N SALES: DEPT A 150000 DEPT B 2500 100000 newspaper 1000 rates 500 elect 250 salary 10000 stock 1/4/92 :dept A 2300 DEPT B - stock :1/4/93 dept A 1200 dept B 700 newspaper 300 prepare trading profit and loss account. thanx
those who finished +2 accounts groups please give me +1 and +2 accounts books if any one have please mail me rbharath1978@gmail.com i need it urgent please help me
Audit 
