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What is the distinction between cost accounting and management accounting? |
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Cost accounting is concerned with cost accumulation for inventory valuation to meet the requirements of external reporting and internal profit measurement.
Management accounting relates to the provision of appropriate information for decision-making, planning, control and performance evaluation.
(Extracted from Cost and Managment Accounting by Colin Drury, Sixth Edition)
First answer by ID3580106343. Last edit by ID3580106343. Question popularity: 28 [recommend question]
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