Cost accounting

posted by .

Flexibility is said to be the hallmark of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus of these two accounting systems differs.

  • Cost accounting -

    This explanation should help you.

    (Broken Link Removed)

  • Cost accounting -

    because it is common to all cost accounting

  • Management accounting -

    Flexibility is said to be the hallmark of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus of these two accounting systems differs

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. accounting

    o How are entries made under each type of accounting?
  2. accounting

    Unit 1 Individual Project Deliverable Length: 2 to 3 pages Details: You have been asked to speak at a career fair for high school students in your home town. Specifically, you are making a presentation about your role as an accountant. …
  3. accounting

    You have been asked to speak at a career fair for high school students in your home town. Specifically, you are making a presentation about your role as an accountant. •Describe for the students the primary objectives of accounting. …
  4. accounting

    You have been asked to speak at a career fair for high school students in your home town. Specifically, you are making a presentation about your role as an accountant. Describe for the students the primary objectives of accounting. …
  5. accounting 205

    •Describe for the students the primary objectives of accounting. •Explain the basic terminology of the accounting process or financial reporting. •Explain how accounting can affect your personal life emphasizing professional …
  6. accounting

    please help to get the correct of questions beloww..thanks i hope you can help me thanks ang god bless you always. 1.the cost-benefit constraint 2.importance of financial accounting 3.explain nuetrality and how can you say if an accounting …
  7. auditing

    I have been asked "Determining whether amounts are in conformity with GAAP addresses the proper measurements of assets, liabilities, revenues, and expenses which includes all of the following except: a. the reasonableness of management's …
  8. Westwood

    Flexibility is said to be the hallmark of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus of these two accounting systems differ.
  9. Accounting 1

    Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and managerial accounting, or neither financial nor managerial accounting. A. Financial accounting B. Managerial …
  10. Accounting 1

    Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and managerial accounting, or neither financial nor managerial accounting. A. Financial accounting B. Managerial …

More Similar Questions