Financial Management and Cost Accounting

Question: Talk about the Financial Management and Cost Accounting. Answer: Presentation: Organization is a relationship of people, which includes at least two than two people dependent on an understanding between them. The association understanding is wanted to be recorded as a hard copy. An understanding for organization consistently has a particular span. Any adjustment in the participation of the accomplices brings about the disintegration of association deed. Different advantages of association are: (1) It is liberated from the administration limitations and guidelines (2) Formation of organization is simple and straightforward and (3) Easy in settling on any choices. Though, the weaknesses are: (1) Unlimited obligation (2) Limited life and (3) Mutual office. Selling the association implies shutting the monetary just as the legitimate existence of the element. Organization disintegrates at whatever point another accomplice is admitted to the firm or at whatever point an accomplice leaves from the association (Points, 2015). MYOB programming creates all the reports required for the administration and consistence with duty to completed productively. Purpose of deals and advance administration of retail gives an away from about the exhibition of the business. It is a more astute approach to direct the business. MYOB programming aid: (1) Easy representing various branches or areas (2) Manage the finance, participation, time for all the accomplices (3) unite the bookkeeping exchanges for all the important sections (4) customisable and exhaustive procedure of bookkeeping streams and related agenda. Along these lines, introducing the MYOB programming in the organization business will aid better administration of business (Curtis, 2015). Reference: Curtis, V. (2015).MYOB Software for Dummies-Australia. John Wiley Sons. Focuses, K. E. (2015). The board and cost bookkeeping.