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Difference Between Management Accounting and Cost Accounting

September 23, 2011Posted byAdmin

Management Accounting vs Cost Accounting Management accounting and cost accounting are of great importance to any business, as both forms of accounting help in the decision making process when analyzing how best to allocate a company’s scarce resources. Cost accounting is a crucial part of management accounting and makes up a vital component in managing […]

Filed Under:AccountingTagged With:Accounting,accounting methods,cost accounting,cost accounting vs,decision making,Management accounting,management accounting vs

Difference Between Accountancy and Commerce

February 10, 2011Posted byAron

Accountancy vs Commerce Accountancy and Commerce are two subjects that are often confused in terms of their content and meaning. Accountancy is the process of communicating financial information about a business firm to related people such as managers and shareholders. On the other hand commerce is the exchange or barter of goods and services from […]

Filed Under:EducationTagged With:Accountancy,AICPA definition of Accountant,barter of goods and services,Commerce,cost accounting,Economics,财务会计,Financial statements,forensic accounting,fund accounting,language of business,Management accounting,shareholders,tax accounting,wing of business

Difference Between Management Accountant and Chartered Accountant

January 25, 2011Posted byOlivia

Management Accountant vs Chartered Accountant Management Accountant and Chartered Accountant are both from the same profession but the scope of their job differs. The word chartered accountant has become very commonplace and majority of the people are aware of the fact that he is a person qualified to work in the fields of business and […]

Filed Under:Accounting,ProfessionsTagged With:Accounting Standards,Chartered Accountant,Chartered Accounting,Financial statements,GAAP,IAS,IFRS,Management Accountant,Management accounting,Management decisions

Difference Between Bookkeeping and Accounting

January 1, 2011Posted byOlivia

Bookkeeping vs Accounting Bookkeeping and accounting are two different departments dealing with the accounts of company. Bookkeeping is the initial stage, in which we keep the record of income and expenditure, whereas in Accounting department accountants analyze the company’s financial activity and prepare reports. Both are very important for the proper management and financial success […]

Filed Under:AccountingTagged With:Accounting,Bookkeeping,double entry bookkeeping,财务会计,Management accounting,Single entry bookkeeping

Difference Between Financial Accounting and Management (Managerial) Accounting

December 21, 2010Posted byAndrew

财务会计vs Management Accounting Financial accounting and management (managerial) accounting are two divisions in accounting, both are equally important for an organization. Accounting plays a pivotal role in the functioning of the organizations. On a broader scale, accounting deals with the establishing, managing and auditing the accounting books of the organizations. With just the […]

Filed Under:FinanceTagged With:accounting standard,财务会计,financial statement,Management accounting,management report,管理会计,trade period

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