Category | Coursework | Subject | Finance |
---|---|---|---|
University | University of East London | Module Title | AC4006T Financial and Management Accounting |
Assessment Types: | Group Coursework |
Word count: | 2,000 Words |
Management and financial accounting concepts have been described in this report. It has discussed books of prime entries, statements and more. A difference between financial and management accounting and absorption and marginal costing has also been presented. Discussion on the classification of costs and qualitative characteristics of financial information have been presented here.
Introduction
Discussions
Books of prime entry
Statement of the financial statements
Differentiate between financial and management accounting
Five qualitative characteristics of financial information
Advantages and disadvantages of sole proprietor and limited liability
Classification of costs
Difference between absorption costing and marginal costing approaches
Conclusion and recommendations
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