File Name: cost and management accounting questions and answers in tamil.zip
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The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, operations, and statistics etc.
Cost Accounting is a method that records and analyses the cost incurred per unit during the production of goods. Financial Accounting involves recording and analyzing all the financial transactions of a company for a specific period of time. It is then summarised into financial statements that show the profitability of a company or the outcome of operations.
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Breaking News. Com Correspondence Course , M. Paper: Cost and Management Accounting. Full Marks —
Answer all the questions. Question 1. Question 2.
State the difference between cost control and cost reduction.
The key difference between Cost Accounting vs Management accounting is that Cost accounting is gathering and analyzing the information related to cost which provides only the quantitative information to the users of the reports whereas Management Accounting is the preparation of the financial as well as non-financial information i. Management accounting includes a lot of aspects of business such as decision making, strategizing, planning, performance management, risk management, etc. Cost accounting, on the other hand, only revolves around cost computation, cost control, and overall cost reduction of business. In simple terms, cost accounting is one of the sub-sets of management accounting. As a result, the scope and reach of management accounting are much broader and pervasive than cost accounting. So, we can say that management accounting can provide a helicopter view of the business by looking at each aspect qualitatively and quantitatively.
Definition : Cost accounting is the accounting method for ensuring cost-effectiveness by accumulating, organising, recording, calculating, analysing and assessing the overall expenses incurred on a product, process or project, etc. It is mostly used in industrial units or factories where the goods are manufactured. Unlike financial accounting, cost accounting is a broader perspective to review and control the performance of the industries by the management. To know more about the different types of expenses incurred in operating a business, one must be aware of the cost classification. The three of these are as follows:. As far as manufacturing units or industries are concerned, the three significant elements of cost are material, labour and overheads. These are further bifurcated into two categories each, i.
Bhavy dhawan Contributor-Level 8. Hey,I am not sure about the availability of books for cost accounting in Tamil Language. But, you can search on the net and may find some e-books or PDF in Tamil Language of the required book. Akansha Yadav Contributor-Level 7. English is a common language all over India.
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Accounting & Finance (E.M. & T.M.) - December - COST AND MANAGEMENT ACCOUNTING · - BUSINESS FINANCE · - BUSINESS TAMIL.Nanna S. 12.05.2021 at 12:30
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