What one the limitations of financial accounting How do you overcome item in cost accounting


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Financial and Cost Accounting

Answer the following question.

Q1. What are the advantages of cost audit? (10 marks)

Q2. A good costing system is an involvable aid to management.” Discuss (10 marks)

Q3. What are the objectives of cost accounting and what is the relation with Management accounting department? (10 marks)

Q4. What one the limitations of financial accounting? How do you overcome item in cost accounting? (10 marks)

Q5. “Cost accounting is a system of foresight like prenatal care, but financial accounting is just a postmortem examination”. Critically examine this statement (10 marks)

Q6. Cost accounting is better understood as a cost control and cost reduction exercise and not a more cost ascertainment process”. Discuss. (10 marks)

Q7. State the objectives of cost accounting briefly explain the advantages of cost accounting. (10 marks)

Q8. What is the different between cost accounting and management accounting? (10 marks)


Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224


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