What is the difference between cost finanicial and manigerial accounting?

For retail companies, computing cost of goods sold is a fairly straight forward process. Beginning inventory + purchases - ending inventory = COGS. For manufacturing firms, however, that simple...the difference is management is identifying ,measuring ,analizing etc.cost is analysis of finanial accounting data for fixiation.financial accounting encompasses all account presented on the face of the financial statement, its presentation, recognition, measurement and disclosures. while cost accounting is only focused on the.

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