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Ladarius Brekke

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How does cost accounting relates to management accounting and financial 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.


What is the difference between What is the difference between financial accounting and management accounting?

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.


What is the difference between financial accounting and cost and management accounting?

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.


What are the differences between direct cost and indirect cost in management accounting.?

what are the differences between direct cost and indirect cost in financial accounting


Explain the differences between financial accounting and Management Accounting?

Management accounting is a tool that managers use to perform day-to-day operations in an organization. This type of accounting usually does not provide exact numbers, but rather estimate and forecast. Financial accounting is a tool used to present the financial status of the organization to its external stakeholders. This type of accounting provides accurate numbers.

Related Questions

How does cost accounting relates to management accounting and financial 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.


Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?

Define 'Accounting' Distinguish between Financial Accounting and Management Accounting


What is the difference between What is the difference between financial accounting and management accounting?

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.


Internal and External Reporting Requirements?

differentiate between financial Accounting and management accounting


What is the difference between financial accounting and cost and management accounting?

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.


What is the difference between cost accountant and financial accountant?

DISTNGUISH between finance, management accountant and financial accounting


What are the differences between direct cost and indirect cost in management accounting.?

what are the differences between direct cost and indirect cost in financial accounting


What are similarities between accounting and auditing?

The similarities between auditing and accounting is that both are concerned with keeping records of a business. The other similarity is that both ensure that the correct financial statement of a business are prepared.


Explain the differences between financial accounting and Management Accounting?

Management accounting is a tool that managers use to perform day-to-day operations in an organization. This type of accounting usually does not provide exact numbers, but rather estimate and forecast. Financial accounting is a tool used to present the financial status of the organization to its external stakeholders. This type of accounting provides accurate numbers.


Explain the difference between financial accounting and management accounting?

Management accounting is a tool that managers use to perform day-to-day operations in an organization. This type of accounting usually does not provide exact numbers, but rather estimate and forecast. Financial accounting is a tool used to present the financial status of the organization to its external stakeholders. This type of accounting provides accurate numbers.


Differentiate between cost accounting and financial accounting?

Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.the question am asking have not been answered .because financial accounting and cost accounting is not the same nor even having the same answer .


Compare and contrast between cost accounting and financial accounting?

compare and contrast cost accounting and financial accounting