Tag Archives | Financial Accounting and Cost Accounting

Difference between Financial Accounting and Cost Accounting

Everything you need to know about the difference between financial accounting and cost accounting. Financial accounting is primarily concerned with the preparation of financial statements, which summarise the results of operations for selected period of time and show the financial position of the company at particular dates. Cost accounting is primarily concerned with determination of cost of something, which may [...]

By N Pancholi|2023-06-21T14:23:52+00:00July 29, 2019|Difference Between|Comments Off

Difference between Financial Accounting and Cost Accounting

Difference between financial accounting and cost accounting! Financial accounting is concerned with recording, classifying and summarizing financial transactions pertaining to an accounting period. The basic objective is to provide a commentary to the shareholders and outside parties on the financial status of an enterprise in the form of a profit and loss account and balance sheet. Cost accounting, on the [...]

By Pratigya R|2023-06-21T14:24:09+00:00June 10, 2019|Difference Between|Comments Off