Query on Diff. between Accountant and Managment Accountant

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Anil

1638 Points Joined October 2007

Please let me know how the role of an Accountant is different from Managment Accountant's role.

Replies (5)

S.Srinivasaraghavan

Chief Financial Officer and Co

11318 Points Joined September 2007

Originally posted by :Anil

Please let me know how the role of an Accountant is different from Managment Accountant's role.

Accountant just keeps track of the movement of assets and liabilities and income and expenditutre.

The management accountant presents the implication thereof in terms of financial health.

Gaurav Hirawat

74 Points Joined February 2009

If one partnership firm whose partners are directors in another company gives its premises to company on rent than service tax is liablie or not. Please give reasons for that.

Yenki Ltd. is considering two mutually exclusive projects A and B. Project A costs
Rs. 30,000 and Project B Rs. 36,000. The NPV probability distribution for each project is
as given below :
Project A Project B
NPV Estimate Probability NPV Estimate Probability
Rs. 3,000 0.1 Rs. 3,000 0.2
6,000 0.4 6,000 0.3
12,000 0.4 12,000 0.3
15,000 0.1 15,000 0.2
You are required to compute:
i) the expected Net Present Value of Projects A and B.
ii) The risk attached to each project i.e., Standard deviation of each probability distribution.
iii) The Profitability Index of each project.
Which project do you consider more risky and why?

Nirmal Jain

Manager Accounts

23 Points Joined April 2009

WE ARE REGISTERED IN RAJASTHAN & WE PURCHASE GOODS FROM RAJASTHAN DELEAR THROUGH VAT INVOICE BUT GOODS ORIGIN IS OUT OF RAJASTHAN WE RECEIVED MODVAT COPY FROM GOODS ORIGIN PLACE CAN YOU SUJEST ME WHO IS THE LIBLE FOR ENTRY TAX ?