The major difference between management information system and accounting information system is the method of accounting. The latter is performed by software, while the former is the system of how the records are kept.
Financial accounting is used to present the performance and financial statements to third parties while management accounting is used for company's internal working purpose.
Financial accounting is the preparation of financial statements for decision makers. Cost accounting is collecting, analyzing, summarizing, and evaluating courses of action. Management accounting is simply used to better a company by reviewing the accounting information.
Security premium in management accounting is the difference between the nominal value and the selling price of shares.
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.
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
cost accounting provides the basic information for both management and financial accounting.The similarities between government accounting and financial accounting is that both involves the balance of accounts.
the method of accounting
accounting is a interesting field and it is a business transaction and preparation financial statements and accounting information system it is a system of information provides.because of information provides the management can control a business. writer, sakibrubel
DISTNGUISH between finance, management accountant and financial accounting
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.
The difference between accounting and auditing?"
the difference between accounting nations and accounting commerce