Mgt audit is not compulsory under the law .cost audit in certain industry ,it is legally compulsory
between financial audit and cost audit
Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.
Management accounting is use for internal accounting purpose of business management while cost accounting is use to find out the per unit cost of production.
difference between cost and costing
HELLO DIFFERENCE BETWEEN MANAGEMENT AND COST ACCOUNTING IS AS FOLLOWS:- COST MANAGEMENT MEANS-: cost management and cost analysis, and organizations, including materials, labor, effort and time for each activity in the manufacture and supply of goods and services. This information can be used to improve the efficiency and overall cost. COST ACCOUNTING MEANS :-Uses accounting entry finance, operations, suppliers, customers and competitors to conduct internal decision and planning.
between financial audit and cost audit
Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.
Management accounting is use for internal accounting purpose of business management while cost accounting is use to find out the per unit cost of production.
DISTNGUISH between finance, management accountant and financial accounting
types of audit approach
difference between cost and costing
HELLO DIFFERENCE BETWEEN MANAGEMENT AND COST ACCOUNTING IS AS FOLLOWS:- COST MANAGEMENT MEANS-: cost management and cost analysis, and organizations, including materials, labor, effort and time for each activity in the manufacture and supply of goods and services. This information can be used to improve the efficiency and overall cost. COST ACCOUNTING MEANS :-Uses accounting entry finance, operations, suppliers, customers and competitors to conduct internal decision and planning.
whats the difference between cost and list?
There is no difference
Cost slope is defined as the ratio of difference between Crash cost & Normal cost and difference between Normal Time & Crash Time. Crash Time is time taken by the activity when additional resources, overtime and other special measures are taken to speed up (crash) the activity.
Discretionary cost is that amount which is at somebody's discretion like manager etc. Controllable cost is that amount which is in the hands of management to be controlled or not like advertisement expenses etc.
what is the difference?