Accounting has close relationship with mathematics. The dual aspect concept, which is the basic concept of accounting, is expressed as a mathematical equation, known as accounting equation. Accounting computations such as computation of depreciation, determination of loan instalment, ascertaining of cash price in case of hire purchase and instalment systems requires use of mathematical techniques. Accountants now use statistical models, computers and operation research techniques. All these require knowledge of mathematics.
compare and contrast cost accounting and financial 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.
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.
Financial accounting is the process of preparing financial statements using data and figures. Cost accounting is similar but you look for alternative ways to figure these figures and data.
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.
what is the relationships between statistics and accounting
accounting is general mathematics which improve your calculations and makes you a expert in mathematicx. So to be perfect in mathematics you have to make your account best than your mathematics.
Accounting has close relationship with mathematics. The dual aspect concept, which is the basic concept of accounting, is expressed as a mathematical equation, known as accounting equation. Accounting computations such as computation of depreciation, determination of loan instalment, ascertaining of cash price in case of hire purchase and instalment systems requires use of mathematical techniques. Accountants now use statistical models, computers and operation research techniques. All these require knowledge of mathematics.
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
compare and contrast cost accounting and financial 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.
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.
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.
Financial accounting is the process of preparing financial statements using data and figures. Cost accounting is similar but you look for alternative ways to figure these figures and data.
do you have best answer from FA
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
the question am asking have not been answered .because financial accounting and cost accounting is not the same nor even having the same answer .