Cost Accounting vs Managerial Accounting

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  • February 2, 2014 at 8:17 pm #183350
    Anonymous
    Inactive

    In the Ninja Notes, it says cost accounting has an external focus and follows GAAP, and that managerial accounting has an internal focus and does not follow GAAP. Isn’t cost accounting and managerial accounting the same thing, and that financial accounting[ is what has an external focus and follows GAAP?

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  • February 3, 2014 at 1:32 pm #507973
    rana_cali
    Member

    In which subject did u see that? I just checked the FAR Ninja notes, and they're written correctly. Ur right though, it's financial accounting that has the external focus and follows GAAP.

    AUD: 84
    FAR: 75
    BEC: 78
    REG: 75

    DONE-ZO!!!!!!!!

    REG: Used Becker 2014 book, NINJA MCQ, Ninja notes, ninja audio
    _______________________________
    CFE since Oct. 2013.

    February 3, 2014 at 1:32 pm #508030
    rana_cali
    Member

    In which subject did u see that? I just checked the FAR Ninja notes, and they're written correctly. Ur right though, it's financial accounting that has the external focus and follows GAAP.

    AUD: 84
    FAR: 75
    BEC: 78
    REG: 75

    DONE-ZO!!!!!!!!

    REG: Used Becker 2014 book, NINJA MCQ, Ninja notes, ninja audio
    _______________________________
    CFE since Oct. 2013.

    February 3, 2014 at 3:29 pm #507975
    jeff
    Keymaster

    Determined – for CPA Exam purposes, know that distinction if you see it on exam day 🙂

    Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

    February 3, 2014 at 3:29 pm #508032
    jeff
    Keymaster

    Determined – for CPA Exam purposes, know that distinction if you see it on exam day 🙂

    Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

    February 3, 2014 at 5:38 pm #507977
    Anonymous
    Inactive

    @rana_cali

    This is in the BEC Ninja Notes.

    @Jeff

    Thanks, I will 🙂

    February 3, 2014 at 5:38 pm #508034
    Anonymous
    Inactive

    @rana_cali

    This is in the BEC Ninja Notes.

    @Jeff

    Thanks, I will 🙂

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