Difference between Financial and Management Accounting

Difference between Financial and Management Accounting: There are two broad types of accounting information:Financial Accounts: geared toward external users of accounting information. Management Accounts: aimed more at internal users of accounting...

What is Cost Accounting -Types and Elements of Cost

What is Cost: Cost is forgoing measured in monetary term incurred to achieve a specific objective.What is Cost Accounting:           Cost Accounting  is branch of accounting also called “Managerial Accounting “which is...