Cascade Software Systems Blog What is Cost Accounting, and how does it differ from Financial Accounting?

Cost Accounting is defined as "The recording of all the costs incurred by a business or agency for use in improving its management". Financial Accounting has a different objective which aims to track financial transactions, but the goals are a) to account for every dollar and b) to prepare financial statements. Cost Accounting is particularly [...]The post What is Cost Accounting, and how does it differ from Financial Accounting? appeared first on Cascade Software Systems.