Cost accounting for B.Com students.

1. Advantages of Cost Accounting
Advantages to
Managers
Efficiency in Material
Management
Utilization of Machines
Budgetary Control
Help in cost control
Help in Business
Decisions
Advantages to
Employees
Advantages to
Creditors &
Investors
Advantages to
Consumers

2. Difference between cost accounting
and financial accounting
Basis of
Difference
Meaning
Purpose
Valuation
of stock
Monetary
Informat
ion type
Which
type of
cost used
Time of re
porting