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+--- Thread: Financial v/s Cost Accounting (/showthread.php?tid=2105)
Financial v/s Cost Accounting - salam - 06-10-2005
AOA,
Would any one diff.? Which one is most difficult?
Difference among rules, logics and How to analysis etc.
thanks
Pray and Keep praying Always
A.Salam Bhai
- ali4u3 - 06-10-2005
The Accounting may be calssified into Financial Accounting and Cost or managerial accounting. The Financial Accounting consists of the statements for use of the invertors, labour unions, creditors and other institutions, such a govt. agencies etc. Cost and Managerail Accounting on the ohter hand is concerned with the analysis and accumulation of cost information to be used internally by management for planning , control and decision making.
The main source of accounting information for the common prople is the published financial statements. this information helps the investors in investing, creditors in lending and the stockholders in decision making. hence the financail accounting is closly connected with proper recording , summarising and pressure of on its liabilities, owner's euqity profit/loss. the information goes a long way in protecteing the interest of concerned parties. cost accounting is helpfull in formulating policies, decision making.
Never seek advice from a Chartered Accountant. They are trained to find problems not solutions.
- salam - 06-12-2005
Which one is difficult? Because some CA students are claiming that cost accounting is like RATA no rules etc.
http//accountancy.com.pk/forum/topic.asp?TOPIC_ID=2071&SearchTerms=icmap
Pray and Keep praying Always
A.Salam Bhai
- salam - 06-15-2005
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by sam</i>
<br />Yes ofcourse Financial Accounting is easier than Management Accounting, but it all depends if u put in the right amount of timely effort you can easily handle it.
ITS NOT WHAT YOU STUDY , ITS HOW YOU STUDY IT.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
thank you SAM, but what about given link in my previous reply.... what do you say?
Thanks
Pray and Keep praying Always
A.Salam Bhai
- eShA - 06-16-2005
COst Acounting is just lik HALWA..
regard,,,,
from the best
and top of all
eShA
Although this may seem a paradox, all exact science is dominated
by the idea of approximation.
- eShA - 06-16-2005
haha
regard,,,,
from the best
and top of all
eShA
Although this may seem a paradox, all exact science is dominated
by the idea of approximation.
- salam - 06-19-2005
Really is it all about the matter of HALWA & PURI? ..... if yes then you must sure about the time you have taken to pass it or something else....
tell the truth. and if you feel like that then tell the way for eating both like HALWA & PURI....
Do not take it personal.
thanks
Pray and Keep praying Always
A.Salam Bhai