Question
Distinguish between accounting and cost accounting
Answer :
Word Count : 356
________ ___ __________ _____ ______ ________ ________ __________ _______ ________ _____.
______ _________ _________ _______ ______ ___ ___ ________.
_________ ___ ___ _________ ___ _________.
____ ________ __________ ____ ___ ____ ________.
_____ _____ _____ ______ ________ ______.
_________ ____ ___ _________ ______ _________ _________ _______ _________ ______ ______ ___.
____ ___ _______ ______ _________ _____ ______ __________ __________ ___ ____ _________.
__________ ____ ______ ______ _______ ______ __________ ____ __________ ____ _________ ___.
____ __________ __________ _________ ______ _______ __________ _____ _____.
______ ________ ______ ________ _____ _________ _______ ___ __________ _________.
_________ ________ ______ __________ ________ ____ _____.
_______ ___ ___ ____ ________ _______ ___.
__________ _____ __________ _____ ______.
___ ___ ___ _____ _____ _______ ______ _______ _____ ____.
____ __________ _________ _______ ____ _________.
____ __________ ______ __________ ________ _____ __________ _____.
____ ______ _________ ____ __________ ____ __________ ___ _________ ________ __________.
______ ___ ______ ______ ____ _____.
_______ _______ ____ _______ ___ __________ ________ _______ _______ ________ ________.
________ _____ ___ ________ ___ _______.
__________ ___ _________ ___ _______ __________.
______ _____ ___ ___ ______ _______ ____ __________ ______.
__________ _______ ______ ____ ________ ________ __________ _______ _______.
________ ________ ___ ____ _________ __________ ______ ________ ____.
______ __________ __________ _________ _________.
_________ ___ ______ ______ _________ __________ ____ _______.
__________ ___ ______ _______ ____ _________.
________ _________ ________ ______ _________ __________ ________ ________.
__________ _______ _____ __________ __________ _______ ____ ____ _______.
________ _______ ____.
Skip in 10
There are a number of differences between cost accounting and financial accounting, which are as follows:
- Audience. Financial accounting involves the preparation of a standard set of reports for an outside audience, which may include investors, creditors, credit rating agencies, and regulatory agencies. Cost accounting involves the preparation of a broad range of reports that management needs to run a business.
- Format. The reports prepared under financial accounting are highly specific in their format and content, as mandated by either generally accepted accounting principles or international financial reporting standards. Cost accounting involves creating reports that can be in any format specified by management, with the intention of including only that information pertinent to
______ _________ _________ _______ ______ ___ ___ ________.
_________ ___ ___ _________ ___ _________.
____ ________ __________ ____ ___ ____ ________.
_____ _____ _____ ______ ________ ______.
_________ ____ ___ _________ ______ _________ _________ _______ _________ ______ ______ ___.
____ ___ _______ ______ _________ _____ ______ __________ __________ ___ ____ _________.
__________ ____ ______ ______ _______ ______ __________ ____ __________ ____ _________ ___.
____ __________ __________ _________ ______ _______ __________ _____ _____.
______ ________ ______ ________ _____ _________ _______ ___ __________ _________.
_________ ________ ______ __________ ________ ____ _____.
_______ ___ ___ ____ ________ _______ ___.
__________ _____ __________ _____ ______.
___ ___ ___ _____ _____ _______ ______ _______ _____ ____.
____ __________ _________ _______ ____ _________.
____ __________ ______ __________ ________ _____ __________ _____.
____ ______ _________ ____ __________ ____ __________ ___ _________ ________ __________.
______ ___ ______ ______ ____ _____.
_______ _______ ____ _______ ___ __________ ________ _______ _______ ________ ________.
________ _____ ___ ________ ___ _______.
__________ ___ _________ ___ _______ __________.
______ _____ ___ ___ ______ _______ ____ __________ ______.
__________ _______ ______ ____ ________ ________ __________ _______ _______.
________ ________ ___ ____ _________ __________ ______ ________ ____.
______ __________ __________ _________ _________.
_________ ___ ______ ______ _________ __________ ____ _______.
__________ ___ ______ _______ ____ _________.
________ _________ ________ ______ _________ __________ ________ ________.
__________ _______ _____ __________ __________ _______ ____ ____ _______.
________ _______ ____.
IGNOU ACADEMY
Your IGNOU journey, made easier.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
Continue Reading — It's Free
Sign in with Google to unlock more of this answer.
✓ Free access
✓ Unlock up to 60% of the answer
✓ No payment required
✓ Unlock up to 60% of the answer
✓ No payment required
Quick Google sign-in. No separate registration form.
Continue Reading — It's Free
Sign in with Google to unlock more of this answer.
✓ Free access
✓ Unlock up to 60% of the answer
✓ No payment required
✓ Unlock up to 60% of the answer
✓ No payment required
Quick Google sign-in. No separate registration form.