what is task of finance? 

we have 4 task . First, Financial planning. Once again repeating, we need to have a planning but will be more focus to Budgeting planning to control your expenses. Next, Financial control just as a watch dog to secure which entertainment bill from employee is not supported. Having a good financial control just have a good profit. Third one is the financial and capital market operation and this is involve two role are provider and borrower. Where we need to gain more money for our employee. we can gain from our provider that provide money for us but we also need to return interest or dividend  for them. Last is talking about investment project appraisal and we select by using some technical. 

After that is my second tutorial class "Cost and Management accounting" Cost accounting and Management accounting is actually different subject and I taking Management accounting but cost accounting is a part of Management accounting. Therefore this subject will related with cost accounting. First, We also need to have planning and sure must have acting and controlling and last is feedback by customer. Cost and Management accounting is not only for manufacturing and also for services like hospital, college, transport and airline. The report is only within a firm is different with financial accounting because financial accounting is doing for public use. So, the related area is cost analysis and cos ascertainment because we should control something it may change easily. Example, Every manufacture should have staff but we can interview the staff that an energy can work for 3 staff job. Next, Planning and control and divided into two group. one is control budget and another one is standard budget. CMA system having cost of producing a litre of paint. This is use the cost to set the selling price and calculate for inventory and profit. Next will be continues is amount of  spend salary on marketing department and we can control the salary . Worst still, we need to comparative cost of refuse (garbage) collection by own staff and contractor. After we done the collection we can set target and motivate .The last one is expected cost of starting a second shift and then there are need long and short term planning.

Definition of cost accounting is tracking, recording and analyzing associate with activities. Furthermore, Management accounting is for identification,measuring,preparation, accumulating, analysis,interpretation and communication . we also need to do a report for agencies, tax authorities and shareholder, creditor. What function is? It is for meet target ( Strategies planning), (budget/profit controlling) ,(Internal Audit and External Audit) and Record financial accounting and cost accounting and also bring the result . So what is the different of Management accounting and Financial accounting. keyword is highlight on Legal requirement. Management accounting is optional requirement and financial accounting is Statutory Requirement. Next should be understand is Precision is Management acc is just for approximation and financial should be reasonable accurately. Then, Time dimension of management acc is focus on future and financial is focus on past and compare with history report. In addition, the report frequently is report anytime but fo financial acc is annually or bi-annually. The segment of both of them is focus on small part and financial acc is focus as whole and at the end is accepted account principle. Management acc can use the most useful acc rule and financial should be follow acc principle.