GeekInterview.com
   Home |  Tech FAQ  |   Interview Questions |  Placement Papers |  Tech Articles |  Learn |  Freelance Projects |  Online Testing |  Geeks Talk |  Job Postings |  Knowledge Base | Site Search |  Add/Ask Question

GeekInterview.com  >  Interview Questions  >  Accounting
Go To First  |  Previous Question  |  Next Question 
 Accounting  |  Question 117 of 150    Print  
Cost and Management Accounting
Differeciate between Cost Accounting and Management Accounting.


  
Total Answers and Comments: 1 Last Update: August 31, 2008     Asked by: malhotra_simi 
  
 Sponsored Links

 
 Best Rated Answer

No best answer available. Please pick the good answer available or submit your answer.
August 31, 2008 10:28:03   #1  
vasudeo007 Member Since: July 2008   Contribution: 60    

RE: Cost and Management Accounting
As far as I know, Cost accounting is related only to the cost factors.

And management accounting is related to the managerial decision making based on accounting details.

Cost accounting include:
Cost Sheet,
Variance Analysis,
Standard costing,
Cost Budget,
Reconciliation between cost profit/loss and accounting profit/loss,
Job costing,
Contract costing,
Batch costing,
etc.

While management accounting include:
funds flow statement,
cash flow statement,
ratio analysis,
capital budgeting,
working capital management,
budgeting,
dividend policy,
project selection,
NPV/IRR,
etc.

Hope the answer is correct.

Vasudeo

 
Is this answer useful? Yes | No

 Related Questions

Which of the following dose not included in the Government accounting Balance sheet: 1) Asset, 2) Cost, 3) Liability, 4) Surplus.
Read Answers (7) | Asked by : cc

Latest Answer : To maintain stock levels ...
Read Answers (7) | Asked by : ferozbm

the person who has been in the mid career level as asst.mgr ,taking care of various function and porfolios of accounts department and expert knowledge in accounting concepts is said to be ab manager -accounts 
Latest Answer : when we see their difference from broad organizational reviewthe function of accounts manager1. the approval of the accounting system utilization and calculated amounts in supportable documents ,for example in journal vouchers2. the approval of the newly ...
Read Answers (2) | Asked by : ramji70

Tell me about a time you identified a problem and came up with the solution?What did you do?Describe a typical day at your current employer?Describe a project that required a high amount of energy over 
Latest Answer : Friend,The questions you have posted are quite common questions and are no way related to accounts manager as such.Anyway, Accounts manager is the person who looks after all books of accounts, ledgers, cash books, vouchers, requisition slips, etc.He is ...

What is purchasing order?What is vendor?What is sarbanes-oxley act?what is debit and credit note?What is basic accounting principles?what is dual aspect concept?what is depreciation? and how many types and details?what is cash flow and funds flow?what is capital gain?
Read Answers (3) | Asked by : T.K.B.Srinivasan

Latest Answer : Departmental accounting is not a norm as far as I know.It is so because, each department does not need to calculate its profits or losses.In case where the company needs any department or a set of departments to work in such manner where their profit/loss ...
Read Answers (2) | Asked by : lovely

The principles of developing an accounting information system do not include a usefulnessb flexibilityc cost effectiveness d elimination of human involment

What are the advantages of Computer accounting over Paper accounting?  
Latest Answer : There are more than thinkable advantages of computers for accounting purposes.First: For management accounting purpose, or for that matter if you are running a company, you need to know exactly whether you are on schedule. That can be done if the accounts ...
Read Answers (3) | Asked by : Hour

Latest Answer : Premises is and Fixed Assed in the accounting sense which is shown in the balance sheet in final accounts Vat adjustment is  out put tax - input tax  the vat which is paid on purchase will be decucted from vat colledted from sales this adjustment ...
Read Answers (1) | Asked by : kasak jain

Appropriation is an estimate of expenditure to be incurred. It serves as a benchmark upon which the actions and performance of a governmental unit are measured. It helps monitor and set control to budgetary 
View Question | Asked by : Idi Alali


 Sponsored Links

 
Related Articles

Business Performance Management

Business Performance Management What is Business Performance Management Business Performance Management is most commonly described as a set of processes that help companies or organizations optimize their business performance It is specifically designed to organize automate and analyze business meth
 

Network Management

Network Management Network management is the method of managing the tools that belong to a network and maintaining administering all the systems that are connected in the network For one to be able to efficiently manage a network that person should be a qualified network administrator and should hav
 

ERP for Cash Management

ERP for Cash Management Cash management is a fundamental application that allows you to manage your accounts It includes banks savings institutions and charge cards All the appropriate functions are conveniently centralized in one location The application provides facilities for accounting staff to
 

Knowledge Management in Business Networks

What is Knowledge Management KM The basic definition of knowledge management from the business perspective states that it is the vital set of methods that manage the conception distribution and exploitation of knowledge In today’ s Information Age era with the technological advancements in
 

C++ Memory Management operators

C Memory Management operators Need for Memory Management operators The concept of arrays has a block of memory reserved The disadvantage with the concept of arrays is that the programmer must know while programming the size of memory to be allocated in addition to the array size remaining constant m
 

SOA and Network Management Architecture

SOA and Network Management Architecture In recent years the field of Network Management has been absorbing the principles of Service Oriented Architecture Examples of service oriented Network Management architectures include the TS 188 001 NGN Management OSS Architecture from ETSA as well as the mor
 

ERPAdvantages for Management Functions

ERP Advantages for Management Functions ERP management systems provide a technology platform in which organizations can integrate and coordinate their main internal business processes They use this to fight against the problem of the organizational inefficiency brought on by the use of different sys
 

Supply Chain Management Skills

Supply Chain Management Skills Do you have what it takes to be a Supply Chain Manager Once upon a time the phrase managing a supply chain” meant making sure that your warehouse was adequately stocked and that nobody was goofing off in the back Times have definitely changed Today to manag
 

Which Supply Chain Management Software is Right for your Business?

Which Supply Chain Management Software is Right for your Business If you’ re a Business Leader Supply Chain Manager or Logistics Executive you’ re probably all too aware of the fact that there’ s an abundance of Supply Chain Management SCM software products available on
 

SQL Management Objects

The object model for SQL Server 2005 is the SQL Management Objects or SMO. This model is simple in conception and usage and is based on .NET Framework managed code. It is the primary tool for developing databases management applications using the .NET framework or the SQL server management studio op
 





About Us  |   Privacy Policy  |   Terms and Conditions  |   Contact  |   Site Map  |   Add Question  |   Propose Category  |   RSS Feeds  |   Articles Sitemap  |   Site Updates  |   Add Resource

Copyright © 2005 - 2008 GeekInterview.com. All Rights Reserved
Page copy protected against web site content infringement by Copyscape