What is the difference between management accounting & cost accounting? Management Accounting Management accounting is the preparation of financial statements collected from the data available from the bookkeeping work. Managers make short and long-term decisions using these reports. Usually, management accounting gets the data from cost and financial accounting. Managers get […]

What are the purposes of cost accounting? What is cost accounting? It is a form of managerial accounting to assess and calculate the cost of production using variable and fixed costs incurred during every step of the cost of production of products. The manufacturing industry uses cost accounting mainly to set […]

What are the consequences of lousy bookkeeping in a business? You always deal with money in business; we set up a company to make money and not lose money. Bookkeeping is a real help to save your business from all the hazards you will face in running a business. How can […]

Excellent accounting for small businesses. Introduction I am Vathani Ariyam creating this new course, “Excellent Accounting to help small business owners.” It explains enforcing financial control in your business, capital, and revenue expenses, controlling accounts, costing and pricing, and accounting for bad debts. It is a beneficial course for small business […]