What's the Difference Between Cost Accounting and Management Accounting?

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Smart leaders use both cost and management accounting to improve organization operations and boost the bottom line. Neither management accounting nor cost accounting standards exist for external review such as the way that financial accounting is held to the GAAP rules, but they both DO help business owners make smart, profit-driving decisions. In this video we'll look at their definitions and the ways in which they are used in business management.

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