Which of the following differentiates cost accounting and financial accounting?
◦ The primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers.
◦ Cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.
◦ Cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions.
◦ Cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties.
Typical Startup Cost Categories
Infant formula is available in several forms and varies in cost and ingredients
Intermediate Accounting (Gordon/Raedy/Sannella)
Cost Accounting 14
Cost of Going to School
Accounting Information Systems, 4th Edition