Diffrences in Mgmt, cost, & financial accountin?
This query is : Resolved
20 January 2011
Respected Experts,
How Management accounting is diffrent from cost accounting & financial accounting?
Warm regards,
Jyoti
How Management accounting is diffrent from cost accounting & financial accounting?
Warm regards,
Jyoti
20 January 2011
Financial accounting is recording the financial transactions
Cost accounting is recording cost of the products
Management accounting is not recording any transactions, just it will take the information from financial & costing data and and guide management to analysis the result and forecast the future
Cost accounting is recording cost of the products
Management accounting is not recording any transactions, just it will take the information from financial & costing data and and guide management to analysis the result and forecast the future
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