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According to J.M Fremgen "The technique is the process of recording,classifying,allocating,and reporting various costs incurred in the operations of an enterprise"
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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.
Compare and contrast between cost accounting and financial accounting?
compare and contrast cost accounting and financial accounting
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
Advantages and disadvantages of cost accounting?
cost accounting advantage & disadvantage
Cost accounting is not an end itself , it is a mean to an end?
Dd
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
Why accounting profit is higher than economic profit?
First of all, we need to understand what is explicit cost and implicit cost. Explicit cost mean real expenses, while implicit cost mean opportunity cost. In accounting profit, we only minus explicit cost, while in economic profit we minus explicit cost and implicit cost. therefore accounting profit is higher than economic profit.
What is the Cost and cost accounting also give out objectives of cost accounting?
answer
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.
Compare and contrast between cost accounting and financial accounting?
compare and contrast cost accounting and financial accounting
Cost accounting and management accounting?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
What are the Classifications of cost accounting?
what are the various classification of cost 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
Advantages and disadvantages of cost accounting?
cost accounting advantage & disadvantage
Advantages of historical cost accounting?
strength of historical cost accounting
