Hi guys 👋 in this weblog let's see the differentiate between cot accounting and Management Accounting let's begin with administration it is preliminary involved with which entails software of fantastic strategies and notion which assist administration in organising a graph for lifelike monetary goal it helps in making rational choice for accomplishment of these targets any work in a position thought or strategies whether or not it is drawn from fee accounting monetary monetary arithmetic and Statistics can be used the facts used in this ought to fulfill solely one wide take a look at it have to serve the cause that it is supposed for which accomplate summarise and analyse the accessible information and presence it in the relation to precise troubles selections and day to day venture of Management act account evaluations all the choice and factor of view to decide how these selections and evaluation make a contribution to average organization goal which decide the relevance and adequacy of on hand information from administration factor of you the scope of this is a essential emphasizes is on value and it offers with the collections evaluation relevance interpretation and presentation for a number issues of it of environment friendly operation of a corporation to broadly makes use of Different methods from a number branches of know-how like regulation and psychology to help the venture of maximaging income of minimizing loss the important believe in this accountancy is closer to finding out coverage and formulating plans and method positive the subsequent one is value accounting has fundamental fold blessings as precis of which is given under it is now not counseled that having established the machine of value accounting to derive all the advantages cited right here the nature and the extent of the blessings received nicely rely upon the kind are equal and effectivity of the price machine established and the extent to which the quite a number stage of administration and organized to receive and act upon the recommendation rendered with the aid of the fee device wastage of Manpower Idol time and misplaced instances pailage workout routines scrap utilisation of plant and equipment and different facilities stocks are valued at cost or market price which a very slow here financial accounting is a positive Science as it is subject to legal rigidity with regarding to preparation of financial statement value that cost only.
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