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Query on Diff. between Accountant and Managment Accountant

Anil (1638 Points)

11 July 2008

Please let me know how the role of an Accountant is different from Managment Accountant's role.

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5 Replies

S.Srinivasaraghavan (Chief Financial Officer and Co) (11318 Points)
Replied 11 July 2008

Originally posted by :Anil

Please let me know how the role of an Accountant is different from Managment Accountant's role.

Accountant just keeps track of the movement of assets and liabilities and income and expenditutre.

The management accountant presents the implication thereof in terms of financial health.

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Gaurav Hirawat (Pr) (74 Points)
Replied 17 February 2009

If one partnership firm whose partners are directors in another company gives its premises to company on rent than service tax is liablie or not. Please give reasons for that.

shirissh (ca) (22 Points)
Replied 24 April 2009

Yenki Ltd. is considering two mutually exclusive projects A and B. Project A costs
Rs. 30,000 and Project B Rs. 36,000. The NPV probability distribution for each project is
as given below :
Project A Project B
NPV Estimate Probability NPV Estimate Probability
Rs. 3,000 0.1 Rs. 3,000 0.2
6,000 0.4 6,000 0.3
12,000 0.4 12,000 0.3
15,000 0.1 15,000 0.2
You are required to compute:
i) the expected Net Present Value of Projects A and B.
ii) The risk attached to each project i.e., Standard deviation of each probability distribution.
iii) The Profitability Index of each project.
Which project do you consider more risky and why?

Nirmal Jain (Manager Accounts) (23 Points)
Replied 25 April 2009

WE ARE REGISTERED IN RAJASTHAN & WE PURCHASE GOODS FROM RAJASTHAN DELEAR THROUGH VAT INVOICE BUT GOODS ORIGIN IS OUT OF RAJASTHAN WE RECEIVED MODVAT COPY FROM GOODS ORIGIN PLACE CAN YOU SUJEST ME WHO IS THE LIBLE FOR ENTRY TAX ?