Discuss how cost accounting differs from other types of accounting. Provide specific examples to support your response.© BrainMass Inc. brainmass.com June 4, 2020, 3:31 am ad1c9bdddf
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 ...
This solution discusses how cost accounting differs from other types of accounting. Specific examples are included to support the answer.