There are two methods to access our Course:. How to access the Course after buying it? Click on Free and after 5 Seconds the Course will be added to your " My Courses.". After Signup select the Course, you want to purchase. Signup option is available in the Login Tab. Kindly visit our Website and Signup your ID there. Most of the external financial aspects of the organization, e.g., dealing with accounts payable and receivables, preparation of final accounts etc., are dealt with by the financial accounting system.CA Inter Nov 2020 Question Papers and Suggested Answers(ICAI): Get CA Inter Accounting, Corporate & Other Laws, Cost & Management Accounting, Taxation, Advanced Accounting, Auditing & Assurance, EIS & SM and Financial Management & Economics for Finance (FM-Eco) Question Papers of Nov 2020 (New Syllabus) along with suggested answers in PDF Format. Information regarding the financial aspects of performance is provided by the costing system.įinancial accounting can be defined as: ‘ The classification and recording of the monetary transactions of an activity in accordance with established concepts, principles, accounting standards and legal requirements and their presentation, by means of profit and loss account, balance sheets and cash flow statements, during and at the end of accounting period’įinancial accounting originated to fulfil the stewardship function of businesses and this is still an important feature. 
Management needs a variety of information to plan, to control and to make decisions.
Understand how raw data are transformed into informationġ.1 Definition of and Scope of Cost AccountingĬost scouting (commonly) termed “costing” may be defined as: „The establishment of budgets, standard costs and actual costs of operations, activities or products and the analysis of variances, profitability, or the social use of funds’ The accounting system of any organization is the foundation of the internal financial information system.Know the relationships of cost accounting to management accounting and financial accounting.Understand the range of information that could be supplied by the cost accounting system.Purpose The main object of this lesson is to introduce the learner to cost accounting uses of cost information cost concepts and the differences between cost accounting and financial accounting Specific Objectives By the end of the lesson the learner should:
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