Management accounting is use for internal accounting purpose of business management while cost accounting is use to find out the per unit cost of production.
Mgt audit is not compulsory under the law .cost audit in certain industry ,it is legally compulsory
difference between cost and costing
HELLO DIFFERENCE BETWEEN MANAGEMENT AND COST ACCOUNTING IS AS FOLLOWS:- COST MANAGEMENT MEANS-: cost management and cost analysis, and organizations, including materials, labor, effort and time for each activity in the manufacture and supply of goods and services. This information can be used to improve the efficiency and overall cost. COST ACCOUNTING MEANS :-Uses accounting entry finance, operations, suppliers, customers and competitors to conduct internal decision and planning.
whats the difference between cost and list?
Discretionary cost is that amount which is at somebody's discretion like manager etc. Controllable cost is that amount which is in the hands of management to be controlled or not like advertisement expenses etc.
DISTNGUISH between finance, management accountant and financial accounting
Cost management accounts are considered to be an evolution rather than a revolution.
Mgt audit is not compulsory under the law .cost audit in certain industry ,it is legally compulsory
difference between cost and costing
HELLO DIFFERENCE BETWEEN MANAGEMENT AND COST ACCOUNTING IS AS FOLLOWS:- COST MANAGEMENT MEANS-: cost management and cost analysis, and organizations, including materials, labor, effort and time for each activity in the manufacture and supply of goods and services. This information can be used to improve the efficiency and overall cost. COST ACCOUNTING MEANS :-Uses accounting entry finance, operations, suppliers, customers and competitors to conduct internal decision and planning.
whats the difference between cost and list?
There is no difference
Cost slope is defined as the ratio of difference between Crash cost & Normal cost and difference between Normal Time & Crash Time. Crash Time is time taken by the activity when additional resources, overtime and other special measures are taken to speed up (crash) the activity.
Discretionary cost is that amount which is at somebody's discretion like manager etc. Controllable cost is that amount which is in the hands of management to be controlled or not like advertisement expenses etc.
what is the difference?
what are the differences between direct cost and indirect cost in financial accounting
stock control is the process of making sure that the correct level of stock is maitained and stock management is to meet demand while the cost of holding stock is to a minimum