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  • Differentiation (Cost Vs Financial Acc) (Cost Vs MGMT Acc)

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    Ayushi Agarwal
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    Cost accounting provides information to managers within companies to help plan and control operations, while management accounting provides financial and non-financial information to managers for planning, decision making, and controlling the organization. Financial accounting focuses on the financial statements that are provided to external stakeholders, investors, and regulators, whereas cost accounting focuses on collecting, analyzing and recording costs to help management make better decisions.

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    Differentiation (Cost vs Financial Acc) (Cost vs Mgmt Acc)

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    Cost accounting provides information to managers within companies to help plan and control operations, while management accounting provides financial and non-financial information to managers for planning, decision making, and controlling the organization. Financial accounting focuses on the financial statements that are provided to external stakeholders, investors, and regulators, whereas cost accounting focuses on collecting, analyzing and recording costs to help management make better decisions.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views1 page

    Differentiation (Cost Vs Financial Acc) (Cost Vs MGMT Acc)

    Uploaded by

    Ayushi Agarwal
    Cost accounting provides information to managers within companies to help plan and control operations, while management accounting provides financial and non-financial information to managers for planning, decision making, and controlling the organization. Financial accounting focuses on the financial statements that are provided to external stakeholders, investors, and regulators, whereas cost accounting focuses on collecting, analyzing and recording costs to help management make better decisions.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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     Difference Between Cost Accounting and Management Accounting

     Difference Between Financial Accounting and Cost Accounting

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