0
amount
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is business managemen have to do with accounting?
Accounting is like the tail on a dog - it points to where the dog has been. So good accounting tells you where the company has been. That can be useful to know. Accounting answers questions about past profitability, levels of assets and liabilities, and breaks down what the costs of doing business were. The real challenge in business management is to know where to go next. Companies too focused on the past are like a dog chasing its tail - going in circles and getting nowhere. Good management requires the other end of the dog: looking at the future, hearing about trends, and smelling opportunities.
Differentiate between cost accounting and financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.the question am asking have not been answered .because financial accounting and cost accounting is not the same nor even having the same answer .
How do you integrate cost accounting with financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management...Cost Accounting related to accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand,
Financial accounting vs cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management... accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand.
Is financial accounting cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management accountants are involved with the budgeting and costing sides of things and present information only for the sole users of the business, so only internal uses like management, shareholders etc.
What is the relationship between cost accounting and managerial accounting?
Financial accounting relates to the information presented based on past events and records. Cost and managerial accounting is the presentation of financial information to the management to be used in decision making while in managerial accounting projections are made based on past trends. e.g. projected cashflows, profit & loss, balance sheet... Financial accounting relates to the information presented based on past events and records. Cost and managerial accounting is the presentation of financial information to the management to be used in decision making while in managerial accounting projections are made based on past trends. e.g. projected cashflows, profit & loss, balance sheet... Financial accounting reports are in standard formats which are worldwide accepted , where as Cost accounting reports are in the format as required by the management
What is business managemen have to do with accounting?
Accounting is like the tail on a dog - it points to where the dog has been. So good accounting tells you where the company has been. That can be useful to know. Accounting answers questions about past profitability, levels of assets and liabilities, and breaks down what the costs of doing business were. The real challenge in business management is to know where to go next. Companies too focused on the past are like a dog chasing its tail - going in circles and getting nowhere. Good management requires the other end of the dog: looking at the future, hearing about trends, and smelling opportunities.
Differentiate between cost accounting and financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.the question am asking have not been answered .because financial accounting and cost accounting is not the same nor even having the same answer .
How do historians solve the mysteries of the past?
They ask questions about the past in order to understand the present. They use variety of methods to help them answer questions about what happened in the past. Historians also examine proof and draw conclusions as they answer historical questions.
When is the verb did be used?
Did is the past tense of do.You can use did when:talking about the past - I did the dishes.asking past yes/no questions - Did you do the dishes?asking past 'wh-' questions - When did you do the dishes?You use did not (didn't) to make negative past sentences:I didn't do the dishes.
Which sites can i get Nigerian navy past questions free pdf download?
Mostly past questions of this type can be gotten online. Simply go to google and type the subject of interest, scan to the answers. Example Nigeria navy past questions.
How do you get past questions of maritime academy of nigeria oron?
how do i get maritimev past question and answer
How do you integrate cost accounting with financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management...Cost Accounting related to accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand,
Financial accounting vs cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management... accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand.
What role does accounting play in the free enterprise system?
Internal to a company, accounting provides management with insight into the past profitability, cash flows, assets, and liabilities of the company expressed in the terms of generally accepted accounting principles. Externally, it provides potential lenders and investors a tool for judging the past profitability, cash flows, assets, and liabilities of the company.
Disadvantages of financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.Cost Accounting related to accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand,... Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
What is the auxiliary verb used to create questions in the past?
The auxiliary verb "did" is used to create questions in the past. It is placed before the subject in the question form.
