Question

Difference between cost accounting and management accounting and financial accounting

Answer 1

cost accounting refers to calculation of unit cost of producing a goods or service....like 1000 bags produced in 10000 rupees...then cost one bag is determined....mangement accounting is about optimum utilization of finance.....and financial acccounting is about optimum procurement of finance....

Answer 2

There are two primary differences between financial and management accounting. The first difference is that management accounting is presented to a company's internal community, while financial accounting is prepared for an external audience.