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    azmat1979's Avatar
    azmat1979 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 1, 2010, 03:45 AM
    Cost accounting follow GAAP?
    I want to know the cost accounting will follow the GAAP rules?
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #2

    Nov 19, 2010, 07:39 AM
    GAAP rules are for external reporting. Cost accounting is for internal purposes only where GAAP is not applied
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