Financial and Cost Accounting
What is the different between cost accounting and management accounting
Q1. What is the different between cost accounting and management accounting?
Q2. “Cost accounting is a system of foresight like prenatal care, but financial accounting is just a postmortem examination”. Critically examine this statement
Q3. What one the limitations of financial accounting? How do you overcome item in cost accounting?
Q4. Define cost accounting and bring out the differences between cost accounts and Financial account
Q5. Cost accounting has become an essential tool of modern management”. comment.
Q6. Cost accounting has become an essential tool of management”. Comment and state the steps to be taken while installing a costing system in a manufacturing concern.
Q7. Explain the advantages of cost accounting.
Q8. Which ratios will help in determining the long term solvency of a business and how?
What is the different between cost accounting and management accounting
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