1.成本会计：
成本会计是指围绕成本计算、成本控制和成本降低的会计制度。它的主要目的是确定生产成本和控制成本。它有助于企业不超出预算。我们可以将其视为更大的管理会计的一个子集。它不依赖于管理会计的成功实施。因此，成本会计的成功独立于管理会计。成本会计主要用于管理层、股东和供应商等。
2. 管理会计：
管理会计是指帮助管理层对业务做出有效决策的会计系统。它也被称为管理会计。它的主要目标是通过提供必要的会计信息来协助管理层。它可以帮助企业制定更有效的战略。管理会计的成功实施取决于财务和成本会计。管理会计主要用于管理。
成本会计与管理会计的区别：
| S.No. | COST ACCOUNTING | MANAGEMENT ACCOUNTING |
|---|---|---|
| 01. | Cost accounting refers to an accounting system that revolves around cost computation, cost control and cost reduction. | Management accounting refers to an accounting system that helps management make effective decisions about business. |
| 02. | The main objective of it is to determine the cost of production and control the cost. | The main objective of it is to assist the management by providing necessary accounting information. |
| 03. | Cost accountant is placed at lower level at hierarchy than management accountant in an organizational setup. | Management accountant is placed at higher level at hierarchy than cost accountant in organizational setup. |
| 04. | Cost accounting is based on data derived from financial accountants. | Management accounting is based on data derived from financial accounting, cost accounting and other sources. |
| 05. | It can be installed without management accounting. | It can not be installed without cost accounting. |
| 06. | Cost accounting uses quantitative data only. | Where management accounting uses both quantitative and qualitative data. |
| 07. | Cost accounting uses both past and present data and figure. | Management accounting uses past data and future data for projection of future. |
| 08. | The scope of cost accounting is limited in cost determination and record. | The scope of management accounting is broad which includes financial and cost accounting. |
| 09. | Success of cost accounting does not depend on management accounting. | Success of management accounting depends on cost accounting. |
| 10. | It follows a specific procedure means there is definite principle for ascertaining cost and format. | It does not follow a specific procedure means there is no definite principle for it as the format changes based on management’s requirement. |