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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

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


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