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what are the various classification of cost accounting?

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Isaiah Mohr

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What are the various classifications of cost accounting?

what are the various classification of cost accounting?


What are the major classifications of accounting?

Financial accounting refers to accounting refers to accounting for revenues, expenses, assets, and liabilities. It involves the basic accounting processes of recording, classifying, and summarizing transactions. - Cost accounting is the branch of accounting dealing with the recording, classification, allocation, and reporting of current and prospective costs. - Managerial accounting is the branch of accounting designed to provide information to various management levels in the hospitality operation for the purpose of enhancing controls.


Why cost accounting is used instead of financial accounting?

cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced


How does management accounting differ from cost accounting?

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.


Accounting classifications are codes used to what?

Manage appropriations and implement funds control.


What is the Cost and cost accounting also give out objectives of cost accounting?

answer


Cost accounting and management accounting?

Cost accounting is a subset of management accounting, although the two are used interchangeably.


Compare and contrast between cost accounting and financial accounting?

compare and contrast cost accounting and financial accounting


What has the author Nicholas Dopuch written?

Nicholas Dopuch has written: 'Solutions manual for Cost accounting' -- subject(s): Cost accounting 'Cost accounting' -- subject(s): Cost accounting


What are the function and responsibilty of Cost Accounting?

What are the function and responsiblity of Cost Accounting


Advantages and disadvantages of cost accounting?

cost accounting advantage & disadvantage


Advantages of historical cost accounting?

strength of historical cost accounting