prepare a bin card in relation to cost accounting
to know the financial position(i.e. profit or loss) and cost accounting to know the cost price of product of business and management accounting is to take the decision based on financial and cost accounting to prepare bugdget, analysis etc
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
compare and contrast cost accounting and financial accounting
Cost accounting is a subset of management accounting, although the two are used interchangeably.
1- Cost Accounting 2 - Financial Accounting 3 - 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.
to know the financial position(i.e. profit or loss) and cost accounting to know the cost price of product of business and management accounting is to take the decision based on financial and cost accounting to prepare bugdget, analysis etc
computerized accounting is method of accounting using modern accounting technology .it will reduce the problems in manual accounting and help to save time cost ,prepare accurate accounts and also help to easy communication of accounts.
Prepare profit and loss statements and monthly closing and cost accounting reports.Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.4. Other duties as assigned
Prepare profit and loss statements and monthly closing and cost accounting reports.Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.4. Other duties as assigned
Prepare profit and loss statements and monthly closing and cost accounting reports.Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.4. Other duties as assigned
cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced
answer
Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.
compare and contrast cost accounting and financial accounting
Cost accounting is a subset of management accounting, although the two are used interchangeably.
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting