scope of accounting with answer some points?
scope of accounting?
The scope of managerial accounting focuses on the financial aspects of the organization. This will include proper record keeping, balancing records and so much more.
Financial accounting helps people and businesses manager their money. With better information about financials, managers can make better decisions about the direction of the organization.
Financial accounting covers both the money coming into a business and the expenses being paid. It is important to consider both because it allows for an accurate understanding of how the money is flowing.
"SCOPE" it is the thing that only can be made by person who appeared. it is depend upon his performance and activity,and his interest. Financial Accounting is the very easy to learn, understand and can be make everyone scope in this.
difine the nature and scope of management accounting?
The scope of statistics in accounting is very broad and the two of them are correlated. Most of the accounting procedures will depend on statistics.
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.
what is financial accounting?
Management accounting starts where financial accounting ends
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
The output of the financial accounting is preparation of financial statements.