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What is the difference Between Cost Accounting and Financial Accounting?
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financial accounting its recorded business transaction books of a/c's. that operating result of particular period
and financial positon on a particular date can be known.

cost accounting refers to cost of production and job undertaken by the firm.
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Sunday, October 12, 2008 8:02 AM
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It is a budgeting approach that projects costs on the basis of future improvements, rather than current practices and methods. The key point is that the budget cannot be achieved unless improvements are made.
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These are models in which a long run growth path for an economy is traced out by the relations between saving, investing and the level of output.
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It refers to markets where transactions involve the yelling of prices and quantities during the transaction.
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It means making money; the opposite of "in the red."
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It is the cost involved in the placement of money with a financial intermediary. The person or institution empowered as the intermediary to make investment decisions for others. Examples: banks, savings and loan institutions, insurance companies, brokerage firms, mutual funds, and credit unions.
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