“XXXX XXXXXXXXXX XX a system XX foresight like XXX-natal care, but financial accounting is just a post-XXXXXX examination. XXXXXXXXXX XXXXXXX this XXXXXXXXX.”
Both cost accounting and financial accounting help XXXXXXXXXX form XXXXXXXXXX decisions, XXXXXXX they XXX both XXXXX opposite in nature. Unlike financial XXXXXXXXXX, cost accounting provides information XXXXXXXXX XXX XXXX XXX unit XX every XXXXXXX. XX’s XXXX XX improve the XXXXXXXXXXXXX XXX reduce the XXXXXXX XXXX of a business by applying costing XXXXXXX and techniques to a product. The XXXXXX XXXX XXXXXXXXXX is a system of foresight is XXXXXXX in order XX XXXXXXX XXX basis XXX managerial decision XXXXXX, XXXX XXXXXXXXXX XXXXXXXX data XXXXXXX analyzing XXXX, present, XXX XXXXXX data as a XXXXX to XXXX XXXXXX XXXX XXXXXXX XXX XXXXXXXXX wastes by speeding up XXXXXXXXXX. The cost accounting scope circles around the XXXXXXXX making XXXXXXX which XXXXXXXX management XXXX the valuable XXXXXXXXXXX regarding XXXXXXXX XXXXXXXX operations needed for XXXXXXXXX XXXXXXX. On XXX other hand, XXXXXXXXX accounting focuses XXXX XX the XXXXXXXXXXX and presentation XX financial statements. The XXXXXX XX XXXXXXXXX XXXXXXXXXX XXXXXXXX an XXXXXXX image XXXXX XXX XXXXXXX XX an enterprise. It offers the XXXXXXXXX XXXXX for classification e.g, salaries, wages, XXXX. These XXXXXXXXXX XXX XXXXXXXXXXX to external stakeholders such as XXXXXXXXX XXXXXXXXXXXX, creditors, XXXXXXXXXXXX, XXX. The XXXXX XX XXXXXXXXX XXXXXXXXXX XX XXXX XXXXXXXXXXX due XX XXX attempt XX disclose an accurate financial XXXXXXX XX its XXXXXXXXXXXX. XXX reason XXXX XXXXXXXXX accounting is a XXXX-XXXXXX XXXXXXXXXXX is XXXXXXX unlike cost XXXXXXXXXX, it XXXXXXXX past XXXX XXXXXX it XXXX a XXXX XXX XXXXXXXXXX action. XXXXXXX, XXXX types of XXXXXXXXXX XXX part XX XXXXXXXXXX XXXXXXXXXX and the XXXX XXXXXXXXXX between XXX XXX is that financial accounting XX used XXXXXXXXXX and cost accounting is used internally, however both provide XXXXXXXXXXX XXXXXXX XXXXXXXXX reports.