تم إضافة السؤال من قبل
Abdul Rahim Said Rahim
, Senior Executive - Business Development , Al Ruwais Plastic Products Trading LLC
تاريخ النشر: 2013/06/15
من قبل
Tahir Mahmood , Freelance Accountant , Mazdoo Accounting
Financial Accounting is the accounting mostly companies adopt to maintain their books of accounts. Cost accounting is required by companies to know more about the cost beared by companies on generating income.if a company beared1.4million cost on2million sale than we should know about more carefully about the cost occurred during the work process.
There are3 types of accounting, financial,cost and management. in financial accounting only past things are considered and it is the original form of accounting, and financial accounting can provide us cost of a group only, but in case of cost accounting, it is prepared for future and it can provide us the cost of a single unit also
Beneficiaries
Interested in providing financial accounting and provide accounting information to external parties such as investor, Aldaninin and unions and so on, while interested in providing cost accounting costs and accounting information to the administrative levels of the facility
Goals
Financial Accounting aims to provide data on the activity results and financial position and cash flows of an entity Pima interested in cost accounting to provide cost information to parties such as internal administration
Kind of reports
Accounting report appears in the form of financial total are relying where Ali Almiadi policies and generally accepted accounting standards in the preparation of those reports, As بانسبة the cost accounting reports are analytical reports based on the needs of the administrative levels of data and information on the costs of production units
من قبل
Mydeen MM , Senior Accountant , Armada International Electro Mechanical Contracting LLC
A process of identifying, recording, summarizing and reporting economic information to decision makers in the form of financial statements is called coast accounting.
The process which focuses on the specific needs of decision makers external to the organization, such as stock holders, suppliers, banks and government agencies are called financial accounting.