Buy custom An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management
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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1930 |
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Definition:
Financial Accounting is the process of summarizing financial data taken from an organization's accounting records and publishing in the form of annual (or more frequent) reports for the benefit of people outside the organization. It is the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders...
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It is the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders.
The terminology of Cost Accounting published by the Institute of Cost and Management Accountants of England defines Cost Accounting as
“the process of accounting for cost which begins with recording of income and expenditure or the bases on which they are calculated and ends with the preparation of periodical statements and reports for ascertaining and controlling costsâ€
2...
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An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management
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