what are the differences between the two
From India , Udaipur
accounts have three branch
1.) financial a/c
2.) cost a/c
3.) management a/c
you all know about financial a/c
cost a/c is overcome the drawbacks of financial a/c it covers the small financial information of each and every small units is cost accounting that is helpful for managerial decision for internal purpose
management a/c is new concept of accounting it is based on information of financial a/c and cost a/c you say it is more about mis reporting in tan organization this is specially worked for management it facilitate different reports for helping managerial works and decision.

From India , Delhi
Hi friend.
Cost Accounting is all about arriving at the cost of a particular product, right from raw materials to the finished product which shall also include the sales expenditure.
Where as Management accounting is related to various MIS Report in an industries where the Management could take decisions based on this MIS.
Regards...RK

From India , Bangalore
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