DISTNGUISH between finance, management accountant and financial accounting
Cost accountant is part of Management Accounting. General Accountants are are mostly relevant to Financial Accounting
Question is in Factory or establishment if a person is working as a cost accountant then what is his status. Whether he is a workman or employee. Difference between an employee and workman is that they are differently treated. A workman is governed by Industrial law whereas the other class are governed by service rules.
1 - Cost Accountant2 - Financial Accountant3 - Management Accountant4 - Charatered Accountant5 - Public Accountant6 - Book keeper
financial accounting and cost accounting
hi, i want to ask the base skill is Accountant do and the responsiblity Can you explain me as soon as possible
Prime role of cost accounting is to calculate the cost per unit of product produce while financial accounting deals with financial reporting of company's performance.
Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.
basically both are cash outflow but in case of cost we have some financial advantage while in case of expenditure there are no financial advantage.cost is an value of any item.
Oh, dude, a hospital accountant's duties are like managing financial records, preparing budgets, and analyzing financial data for the hospital. They also handle billing, insurance claims, and ensure compliance with financial regulations. So, yeah, they basically keep the hospital's money stuff in check.
difference between cost and costing
Integrated system is one which combines the cost accounting and financial accounting functions in one system of ledger accounts while an interlocking system has a cost ledger for the cost accounting function and a financial ledger for the financial accounting function.
I am not so sure.