what are the similarities between cost accounting and
management accounting?
- 1 Answers
- 13528 Views
- Muthoot Group, I also Faced
- E-Mail Answers
Answer / pavan
Cost accounting, managment accounting, and financial
accounting all use basic financial accounting concepts to
arrive at their indended goal. All 3 use techniques such as
depreciation, present values, future values, accruals,
deferals, and inventory valuations (such as LIFO and FIFO).
Although the reports that they create are each different,
the basic statements remain similar in construction and
terminology. Managment accounting is specifically for the
use of top level managers who are interested in appeasing
shareholders. Therefore, managerial accounting is constantly
searching for higher net incomes and benefits for the
shareholders.
| Is This Answer Correct ? | 10 Yes | 2 No |
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
What is the Purpose of Preparing Bank Reconciliation Statement?
EXPAND______________PWD
HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?
Describe the accounting principles
what are all the books maintained in accounts for the purpose of excise?
20 Answers Alnkey Financial, mssl, Puneet, Videocon,
How is the Cost of Goods Calculated????
What is the difference between Depriciation and amortization?
If a company is in loss, should it require to pay salary to their employees. If yes, how?
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
what is diff between p&l & trading a/c
what is portfolio management? and what is zero based budget?
Audit 
