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DISTNGUISH between finance, management accountant and financial accounting

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16y ago

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What is the difference between a cost accountant and staff accountant?

Question is in Factory or establishment if a person is working as a cost accountant then what is his status. Whether he is a workman or employee. Difference between an employee and workman is that they are differently treated. A workman is governed by Industrial law whereas the other class are governed by service rules.


Is the cost accountant under the general accountant?

Cost accountant is part of Management Accounting. General Accountants are are mostly relevant to Financial Accounting


List of all types of accountant?

1 - Cost Accountant2 - Financial Accountant3 - Management Accountant4 - Charatered Accountant5 - Public Accountant6 - Book keeper


What are the roles of a management accountant in a organisation?

financial accounting and cost accounting


Explain the job of the cost accountant and how it differ from that of the financial accountant?

hi, i want to ask the base skill is Accountant do and the responsiblity Can you explain me as soon as possible


What are the difference between cost accounting and financial accounting?

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.


Difference between cost audit and financial audit?

Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.


Difference between cost and expenditure?

basically both are cash outflow but in case of cost we have some financial advantage while in case of expenditure there are no financial advantage.cost is an value of any item.


What kind of accountant prepares information such as reports on the cost of materials used in the production process for internal use only?

The type of accountant who prepares reports on the cost of materials used in the production process for internal use is known as a cost accountant. Cost accountants analyze production costs and help management make informed decisions regarding budgeting, cost control, and financial planning. Their reports are primarily used for internal decision-making rather than for external financial reporting.


What type of accountant is contracted to provide advice to a variety of buisnesses?

A management accountant, often referred to as a cost accountant or managerial accountant, is contracted to provide advice to a variety of businesses. They focus on internal financial analysis, budgeting, and performance evaluation to help organizations make informed decisions. Their expertise aids in strategizing and improving financial efficiency within a company.


What are the duties of a hospital accountant?

The duties of a hospital accountant are similar to a large extent to any other accountant. Such duties include maintaining the cash book, keeping ledgers, reconciling accounts and advising on the financial status of the hospital among other duties.


What difference between cost and costing?

difference between cost and costing