What is the difference between cost accounting and financial accounting systems of companies?

#1 11th December 2011, 11:52 PM

explain the difference between cost accounting and financial accounting systems of companies supplying manpower services to hotels for cleaning services

#2 12th December 2011, 12:12 PM

The Difference arises in terms of their objectives .
The main objective of cost accounting was cost control and cost reduction . So the cost accounting Deals with costs and its functional area was of manufacturing .
The main objective of Financial accounting was Giving a true and fair view of financial statements as prepared by Management . The Functional area was of whether all the Transactions were properly recorded or not

#3 17th October 2019, 03:31 PM

What is cost accounting? Distinguish between cost accounting and financial accounting?

#4 31st October 2019, 02:47 PM

Important question in financial accounting

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What is the difference between cost accounting and financial accounting systems of companies?

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