1 Documentation: http://electrum.readthedocs.org. 2  Ask your questions or request help on the Electrum subforum at bitcointalk.org. 3  IRC channel: #electrum channel on Freenode. 4  Report bugs, request features, help with development: electrum page on GitHub.  Localization: https://crowdin.net/project/electrum.
â¢ Cost accounting is backward looking and evaluates past data, whereas managerial accounting is forward looking and involves planning and prediction for the future. â¢ Both forms of accounting are essential for the smooth running of a business and essential components in the decision making process.
Management Accounting vs Cost Accounting. Management accounting and cost accounting are of great importance to any business, as both forms of accounting help in the decision making process when analyzing how best to allocate a companyâs scarce resources.