A). The two main branches of accounting that appear to be directly opposite in almost every indication are financial acc

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A The Two Main Branches Of Accounting That Appear To Be Directly Opposite In Almost Every Indication Are Financial Acc 1 (31.93 KiB) Viewed 50 times

A). The two main branches of accounting that appear to be directly opposite in almost every indication are financial accounting and management accounting. Under any five (5) thematic areas, enumerate the difference between financial and management accounting [10 marks B). Cost information is essential for varied reasons such as allocating costs to products and for decision making purposes Required: 1). Explain the terms cost object and cost center, and state three (2) examples of cost object [4 marks) ii). State and explain the main categories of cost based of the following criteria Cost classification for financial statement preparation [2 marks] 2 2