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    Cost Accounting and Other Types of Accounting

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    Discuss how cost accounting differs from other types of accounting. Provide specific examples to support your response.

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    Cost accounting focuses on costs - the costs to run a company and the costs associated with staying in business. Those costs are thoroughly analyzed and used by management in preparing data and further analyses. In general accounting, there is a focus on cost but there are other focuses as well, such as on profit centers, aspects of revenue, and so forth. For example, a cost accountant will prepare ...

    Solution Summary

    This solution discusses how cost accounting differs from other types of accounting. Specific examples are included to support the answer.