Reference no: EM131626469

Question: From the following list identify which activities are concerned mainly with cost and management accounting and which are concerned with financial accounting:

(a) Drawing up the balance sheet of a company at the end of the year.

(b) Calculating the cost of scrap on one of the product lines in the factory.

(c) Ensuring that the accounts of a company comply with Statements of Standard Accounting Practice.

(d) Estimating the energy costs to be incurred on a new project. (el Keeping the records for the PTA at your local school.

(f) Deciding which of the two proposed projects will be the most profitable.

(g) Ensuring that PAVE records are correctly maintained in the company.

(h) Reconciling payments made by the company with the bank statement.

(i) Analysing the reasons for the difference between the proposed material costs and the actual costs incurred.