what are the similarities between cost accounting and
management accounting?
- 1 Answers
- 13553 Views
- Muthoot Group, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What are the major responsibility's of an accountant? what are the qualities he /she requires?
Short Answer on _________Financial accounting
What is the procedure to become charted accountant in India now. Please answer this is urgent
Expand-------MTRS
Mention some of the major contributions made by you in your present and previous jobs
Tell me the steps for Import and Export Thanks
Expand-------ATBN
how to entry of hra
plz tell me short cut method in maths for clerck post in bank
hi to all i have also cleared sbi exam and my interview is on 26th may 2009.can any one help to prepare for interview
what is portfolio Saint?
what is cost audit?
What Kind Of Requirements for Vat Refund And Assessment Cases
Can u please give me example of bonds? is National savings certificate a Bond?
what is the meaning of input vat & out put vat?
