Difference between cost accounting and financial accounting, Cost Accounting

The difference among "cost accounting" and "financial accounting are terms demote to the accounting techniques used internally by a company's management to explain the costs of running the business and help in decision making. For instance, reports that compare budgeted to real expenses are commonly used to monitor the successful management of a particular department or store within a larger enterprise.

 

Posted Date: 4/1/2013 2:11:51 AM | Location : United States







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