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    XIMENA MORALES RIVERA
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    This document compares and contrasts cost accounting, financial accounting, and administrative accounting. It provides definitions and key characteristics of each. Cost accounting focuses on analyzing internal operations and costs, financial accounting systematically records a company's financial activities over time, and administrative accounting supplies information to support management decision making. The comparative chart outlines differences in their concepts, characteristics, and purposes.

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    This document compares and contrasts cost accounting, financial accounting, and administrative accounting. It provides definitions and key characteristics of each. Cost accounting focuses on analyzing internal operations and costs, financial accounting systematically records a company's financial activities over time, and administrative accounting supplies information to support management decision making. The comparative chart outlines differences in their concepts, characteristics, and purposes.

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    © All Rights Reserved
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    4 views3 pages

    Comparative Chart HW

    Uploaded by

    XIMENA MORALES RIVERA
    This document compares and contrasts cost accounting, financial accounting, and administrative accounting. It provides definitions and key characteristics of each. Cost accounting focuses on analyzing internal operations and costs, financial accounting systematically records a company's financial activities over time, and administrative accounting supplies information to support management decision making. The comparative chart outlines differences in their concepts, characteristics, and purposes.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 3

    Technological Institute of Hermosillo (TECNM CAMPUS HERMOSILLO)

    Industrial Engineering

    Cost Management
    M.I. Celeste Guadalupe Gaxiola Goray

    “UNIT 2 – COMPARATIVE CHART”

    Morales Rivera Ximena


    20331264

    Group: A5A 

    Hermosillo, Sonora, to October 10, 2022.


    Comparative Chart

    ACCOUNTING
    Cost Financial Administrative

    A branch of the accounting area that deals with A branch of accounting dedicated to the administration of
    It offers real and concrete information on all the costs and systematizing information on the activities and economic companies and organizations. Its function is to supply the
    Concept
    expenses that a company has to produce. situation of a company at a given moment in time and conduction of accounting information that serves for better
    throughout its development. management and decision making.

    Cost accounting is analytical, since it is planned on Register in an orderly manner the activities of the
    Analyze both financial and non-financial information.
    segments of a company, and not on its total. company.
    It predicts the future, while recording the events that have It allows to have a historical record of the evolution of the
    It is mainly aimed at administrative and managerial staff.
    occurred. company.
    The movements of the main accounts are in units. It is a language of common understanding in the area of It is pragmatic and flexible, as it adjusts to specific needs.
    It only records internal operations. It is based on commonly accepted rules, regulations and It is not subject to a series of external guidelines that are
    Characteristics It reflects the union of a series of elements: raw material, In most countries it is mandatory (at least for companies
    Its parameters are set entirely by the company.
    direct labor and factory loads. that reach a certain minimum size).
    It determines the cost of the materials used by the different
    sectors, the cost of the merchandise sold and the cost of
    inventories.
    Its periods are monthly and not annual like those of the
    general ledger.
    Its implicit idea is the minimization of costs.
    Resources
     Características esenciales de la contabilidad deCostos. (n.d.). StuDocu. Retrieved October 12, 2022, from

    https://www.studocu.com/es-mx/document/instituto-tecnologico-de-estudios-superiores-de-zamora/sistema-de-costos-

    historicos/16-caracteristicas-esenciales-de-la-contabilidad-de-contabilidad-de-costos/11833809

     Contabilidad Administrativa - Concepto, objetivos e importancia. (n.d.). Concepto. Retrieved October 12, 2022, from

    https://concepto.de/contabilidad-administrativa/

     Contabilidad de Costos - Concepto, características e importancia. (n.d.). Concepto. Retrieved October 12, 2022, from

    https://concepto.de/contabilidad-de-costos/

     Qué es la contabilidad administrativa: características y objetivos - Article. (2022, September 22). Retrieved October 12, 2022,

    from https://quickbooks.intuit.com/global/resources/es/contabilidad/contabilidad-administrativa/

     Roldán, P. N. (2022a, May 27). Contabilidad Financiera. Economipedia. Retrieved October 12, 2022, from

    https://economipedia.com/definiciones/contabilidad-financiera.html

     Roldán, P. N. (2022b, May 27). Contabilidad Financiera. Economipedia. Retrieved October 12, 2022, from

    https://economipedia.com/definiciones/contabilidad-financiera.html

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