difference Between Cost Accounting and Financial Accounting?

Answer Posted / job w muronda

cost accounting is the applicatin of accounting and costing
principles methods and techniques in the
ascertainment,classification,recording,allocating,summarisin
g,and presenting of costing information and the analysis of
savings and or excesses as compared with previous
experience or predetermined standards
on the other hand financial accounting is concerned wih the
stewardship obligation of management in relationship to the
external requirements of shareholders,creditors,prospective
investors and other interested parties outside the
organisation as well as internal management requirements

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I have done my Summer internship project on Option greek (delta,gamma ,vega ,theta and rho)by using black schole calculator plus i have done calculation on VIX so what type of question can be asked to me by interviewer plzzzzzzzzzz do answer me i need help.........

2045


what is group in Tally ERP 9?

609


What are the components of the monetary policy of rbi?

572


Name some Prime Minister Social Security Schemes?

610


Define Call Money Rate?

628






What is the instrument that cannot be transferred from one person to another by endorsement.

604


What are NBFCs?

718


Have you ever had to bend the rules to get the job done. Why was that?

620


Name some of the PM Social Security Schemes?

677


Where have you come from and what is famous in your city?

573


Mention what are the responsibilities of a property or casualty actuary?

606


why do you choose MBA finance after your IT engineering?

5506


What is 'spns'?

633


What do you know about Planning Commission and its Chairman etc.

591


How does LPG helped to improve the economy?

624