Author Topic: Difference between management and financial accounting  (Read 1560 times)

Offline BozCompany

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Difference between management and financial accounting
« on: October 30, 2013, 02:27:37 AM »
What are the differences between the management accounting and financial accounting in the company? What are their roles?
« Last Edit: October 30, 2013, 02:27:37 AM by Guest »
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Offline CompanyOvermany

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Re: Difference between management and financial accounting
« Reply #1 on: November 01, 2013, 06:06:09 PM »
Management accounting is the one that focus on providing information within the company so that its management can operate more effectively. They also compute the cost of products at a manufacturing enterprise while the financial accounting is the one that focus on the financial statements which are distributed to stockholders, lenders, and financial analysts. Their job is to report the transactions on its balance sheet, income statement, statement of cash flows, and statement of changes in stockholders’ equity.
« Last Edit: November 01, 2013, 06:06:09 PM by Guest »
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