Cost Accounting vs Financial Accounting

Financial accounting

1. A discipline of accounting that mainly deals with the keeping of accounting records to enable the preparation of accounting reports
2. Accounting records are maintained based on specifically designed guidelines or rules 
3. the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, government agencies, owners, and other stakeholders. 
4. Cost ascertainment cost control
5. Deals with quantitative/monetary items

Costs accounting

1. the process of tracking, recording and analyzing costs associated with the products or activities of an organization. 
2. To provide useful information to management for future decision
3. Deals with both quantitative and qualitative items