1. What is accounting?
... companies with a exception in a few cases. Cost Accounting is mainly done keeping in mind the advantages it offers the management Financial Accounting is mainly helpful to protect the interest of outsiders such as Banks, Financial Institutions and shareholders etc as the health of any organization can be viewed from it. Cost Accounting is done mainly for the internal customer such as ... but an internal one to help the business to take crucial decisions and does not have a set format for use. Financial Accounting primary aim is to protect interest of the outsiders such as banks. Shareho...
- Word Count: 2771
- Approx Pages: 11
- Grade Level: Undergraduate