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what is the relationships between statistics and accounting

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Q: What is the relationship between financial accounting and Statistics?
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What is the relationship between finance and accounting?

accounting is the calculation process of financial transaction


Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?

Define 'Accounting' Distinguish between Financial Accounting and Management Accounting


Compare and contrast between cost accounting and financial accounting?

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What is the difference between What is the difference between financial accounting and management accounting?

Financial accounting is used to present the performance and financial statements to third parties while management accounting is used for company's internal working purpose.


What is relation between accounting and statistics?

relation between accounting and statistics is:it helps in the rational [true} decision making. statistics is concerned with typical value, behaviour or trend over a period of time of series of observations. statistics are useful in developing accounting data and their interpretation


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cost accounting provides the basic information for both management and financial accounting.The similarities between government accounting and financial accounting is that both involves the balance of accounts.


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Prime role of cost accounting is to calculate the cost per unit of product produce while financial accounting deals with financial reporting of company's performance.


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Financial accounting is the process of preparing financial statements using data and figures. Cost accounting is similar but you look for alternative ways to figure these figures and data.


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What is the different between cost accounting and financial accounting?

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What relationship is there between the accounting equation and the balance sheet?

The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )


A basic difference between managerial accounting and financial accounting is that managerial accounting?

One basic difference between managerial accounting and financial accounting is that managerial accounting is used internally instead of externally for investors. Managers use managerial accounting to determine what level of output is appropriate for their departments.