Author: commerceiets

DIFFERENCE BETWEEN COST ACCOUNTING AND FINANCIAL ACCOUNTING

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DIFFERENCE BETWEEN COST ACCOUNTING AND FINANCIAL ACCOUNTING

DIFFERENCE BETWEEN COST ACCOUNTING AND FINANCIAL ACCOUNTING The difference between cost accounting and financial accounting is as follows: COST ACCOUNTING Cost Accounting is an art or process of recording, analyzing and classifying of expenditure for the purpose of product costing or service costing, ascertainment of profitability, operational planning and cost control. It is a forward…

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COST ACCOUNTING, FINANCIAL ACCOUNTING, KEY DIFFERENCES

SCOPE OF COST ACCOUNTING PDF

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SCOPE OF COST ACCOUNTING PDF

SCOPE OF COST ACCOUNTING PDF This post contains the Scope of Cost Accounting Pdf file Cost Accounting is an art or process of recording, analyzing and classifying of expenditure for the purpose of product costing or service costing, ascertainment of profitability, operational planning and cost control. It is a forward looking approach which is related…

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COST ACCOUNTING

NATURE OF COST ACCOUNTING

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NATURE OF COST ACCOUNTING

NATURE OF COST ACCOUNTING Cost Accounting is an art or process of recording, analyzing and classifying of expenditure for the purpose of product costing or service costing, ascertainment of profitability, operational planning and cost control. It is a forward looking approach which is related to the recording, analyzing and classifying of expenditure with the objective…

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COST ACCOUNTING

COST ACCOUNTING

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COST ACCOUNTING

COST ACCOUNTING Cost Accounting is an art or process of recording, analyzing and classifying of expenditure for the purpose of product costing or service costing, ascertainment of profitability, operational planning and cost control. It is a forward looking approach which is related to the recording, analyzing and classifying of expenditure with the objective of ascertaining…

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COST ACCOUNTING

DIFFERENCE BETWEEN TRANSACTION AND EVENT

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DIFFERENCE BETWEEN TRANSACTION AND EVENT

DIFFERENCE BETWEEN TRANSACTION AND EVENT Before understanding the difference between transaction and event, one must clearly understand the two concepts. TRANSACTION Transaction refers to any exchange of goods and services on cash or credit basis by the business with the outside parties i.e. other business or customer. Transaction is an economic activity. It has an…

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FINANCIAL ACCOUNTING, 11 ACCOUNTANCY, KEY DIFFERENCES

MANAGEMENT AS PROFESSION

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MANAGEMENT AS PROFESSION

MANAGEMENT AS PROFESSION Management as profession is a specialized body of knowledge and requires specific skills and educational qualifications. Profession is an economic activity which requires specialized knowledge, degree and skills. ACCORDING TO HODGE AND JOHNSON “Profession is a vocation requiring some significant body of knowledge that is applied with high degree of consistency in…

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BUSINESS MANAGEMENT

USERS OF ACCOUNTING

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USERS OF ACCOUNTING

USERS OF ACCOUNTING Accounting provides the information to the users of the business. Various users are interested  to know about the financial position of the business, which they get from the accounting records kept by the business and provided to them by way of publishing final accounts. The users of accounting are as follows: INTERNAL…

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11 ACCOUNTANCY, FINANCIAL ACCOUNTING

WORKMEN’S COMPENSATION ACT 1923

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WORKMEN’S COMPENSATION ACT 1923

WORKMEN’S COMPENSATION ACT 1923 The Workmen’s Compensation Act 1923 was introduced in India in 1923 as first social security of workmen and to protect the interests of the workmen. This Act is based on the theory that: “The cost of Product should bear the blood of the workmen.” SCOPE AND APPLICATION OF WORKMEN’S COMPENSATION ACT…

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INDUSTRIAL AND LABOUR LAWS