Quick answer: Financial accounting records past transactions and reports them to outsiders such as shareholders, lenders and tax authorities, following
Quick answer: Cost accounting records, classifies and analyses costs to find the cost of products and control it. Management accounting
Quick answer: Management accounting has limits: it depends on the accuracy of financial and cost records, relies largely on past
Quick answer: Management accounting helps a business plan properly, control costs and performance, coordinate departments, maximise profit, evaluate managers and