Cost Accounting: Management

Related BrainMass Solutions

• Cost accounting vs financial accounting

  Even though cost accounting is a branch of management accounting, it is just as important.

• Cost Accounting and Other Types of Accounting

  General accounting data and other forms of accounting are for use by the public, investors, etc. Cost accounting is performed because it is a main form of accounting information for management.

• Relevance of Cost Accounting

  Cost accounting is based on the premise that cost information is relevant to management. Cost accountants extract and use data from all areas of the company that incur costs, and they compile this information into a relevant format for management.

• Managerial versus Financial Accounting

  Management accounting focuses on the cost side first. 4. Management accounting is more useful for business segment planning and analyzing. 5.

• Organization cost accounting systems

  518985 Organization cost accounting systems Identify the specific cost accounting system any organization utilizes and how it uses the accounting information for financial management.

• Differentiate between managerial, and financial accounting

  Management accounting provides information to the management for decision making. Cost accounting is a part of management accounting.

• Can the numbers lie? A management accountant discussion of fad-like innovations.

  Often associated with manufacturing or process costing, cost accounting can be used in most any business. The real benefits of cost accounting are cost savings.

• Health Care Financial Management

  It encompasses corporate finance and management accounting also known as cost accounting. Financial analysts provide analysis in the corporate finance field. And, cost analysts provide analysis in the cost accounting field.

• Cost accounting differ from financial accounting

  in cost accounting 3) Cost Accounting provides top management with reports that are future-oriented, while Financial Accounting provides reports based on historical information.

• Describe difference between financial and managerial account

  Management accounting: cost accounting -- a branch of accounting dealing with the classification, recording, allocation, summarization and reporting of current and prospective costs and analyzing their behaviors.