Financial accounts indicate the results of a business over a period of time. They deal with historic or past costs and are concerned with stewardship accounting.

Advertisement

 

A management accounting/ cost statement provides information to allow managers to plan, control and organise the activities of the business. The purpose of a costing/management accounting information system is:

 

1.     to provide information about product costing to be used in financial

statements.

 

2 .     to provide information for planning, controlling and organising.

Advertisement
The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]
0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

*

BMS.co.in is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp
or

Log in with your credentials

or    

Forgot your details?

or

Create Account