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Yes. If you mean by financial accounting, the accounting that calculates the cost of capital to the business and compare it to current, expected, and historic rates of return. Suppose a company is making 12% return; but borrowing money by using the owner's credit card at 22%? Be good to know that.
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How does cost accounting connect with financial accounting and management accounting?
Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.
What is scrap in cost accounting?
The main purpose of cost accounting is to provide mangement with financial information necessary
What is the purpose of financial accounting analysis?
Financial accounting analysis is necessary so that a business can make sure that financial matters are being taken care of without a deficit being present. Financial accounting analysis will also help a business pay the proper amounts for taxes.
What is Financial accounting data?
what is financial accounting?
The output of financial accounting is?
The output of the financial accounting is preparation of financial statements.
Is Management accounting starts where financial accounting ends?
Management accounting starts where financial accounting ends
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
What is the Importance of accounting principles to a financial analyst?
off-course it is requisite to know the accounting principles. For financial analyst it is necessary to know firstly GAAP analysis (generally accepted accounting principles).Where accounting standards ,rules and regulation are stated in accordance with the international accounting standard board. Obivously,we have numbers of accounting standards IAS and priciples on the basis of this financial analyst enable to make decision. In a nut shell, when we have accounting rules standards and a defined guideline it will be very convinient for financial analyst to make decision.
Is the adequate disclosure accounting concept is applied when financial statements contain all information necessary to understand a business's financial condition?
yes, yes it is
Compare and contrast between cost accounting and financial accounting?
compare and contrast cost accounting and financial accounting
Differentiate cost accounting system from financial accounting system?
Q.5 Differentiate Financial Accounting and Management accounting
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
