What are the differences between cost accounting and financial accounting?

S.no	Cost accounting	Financial accounting
1.	It includes the preparation of a report which the management requires to run a business.	It includes the preparation of a report for investors, credit rating agencies, creditors, etc
2.	Cost accounting collects the cost of raw materials, finished goods inventory, and work-in-process.	It includes all this information into its financial reports and mainly into the balance sheet.