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Is financial accounting cost accounting?

Answer:

Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management accountants are involved with the budgeting and costing sides of things and present information only for the sole users of the business, so only internal uses like management, shareholders etc.

First answer by ID1365753082. Last edit by ID1365753082. Question popularity: 5 [recommend question].

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