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  • Major Differences: Parameters Financial Accounting Cost Accounting Management Accounting

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    Shaurya Potdar
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    Financial accounting focuses on historical transactions under GAAP rules and qualitative data, cost accounting allocates costs over time periods using quantitative data and principles of cost accounting, and management accounting assists with new information and both qualitative and quantitative data using management principles.

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    differences

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    Major Differences

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    Financial accounting focuses on historical transactions under GAAP rules and qualitative data, cost accounting allocates costs over time periods using quantitative data and principles of cost accounting, and management accounting assists with new information and both qualitative and quantitative data using management principles.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    9 views1 page

    Major Differences: Parameters Financial Accounting Cost Accounting Management Accounting

    Uploaded by

    Shaurya Potdar
    Financial accounting focuses on historical transactions under GAAP rules and qualitative data, cost accounting allocates costs over time periods using quantitative data and principles of cost accounting, and management accounting assists with new information and both qualitative and quantitative data using management principles.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MAJOR DIFFERENCES

    PARAMETERS FINANCIAL COST MANAGEMENT


    ACCOUNTING ACCOUNTING ACCOUNTING

    Main aim Recording Allocation Assisting


    transactions

    Time frame Historical New and historical New

    Rules GAAP Principles of cost Management


    accounting principles

    Data Qualitative Quantitative Qualitative and


    Quantitative

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