Interlocking system

Cost ledger accounting can be used to provide more detailed costing of products. For example, the financial accounting system would Dr all production labour to one expense account n the financial records. Cost accounting could allocate costs to each product. The subsidiary ledgers can be thought of as keeping records for each product.

Is cost accounting the same as management accounting?

More or less. Strictly, cost accounting accounts for costs, eg costs going into products, and management accounting includes any accounting useful for management - such as cost accounting and budget s. In practice, the terms are often used interchangeably.

Thank you.

What are the absorption costing n the marginal costing? And what is the differnce between these topics?

See page 39 onwards of the notes.