Managerial Accounting

Essay specific features

 

Issue:

Business

 

Written by:

Wilma N

 

Date added:

December 8, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1371

 

Was viewed:

8207 times

 

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Essay content:

Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies, and tax authorities (1994)." Key differences between the two disciplines are defined in the following chart. Management Accounting Financial Accounting A management accounting system produces information that is used within an organization, by managers and employees A financial accounting system produces information that is used by parties external to the organization, such as shareholders, bank and creditors Management accounting helps management to record, plan and control activities and aids the decision making process...
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Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies, and tax authorities (1994)." Key differences between the two disciplines are defined in the following chart. Management Accounting Financial Accounting A management accounting system produces information that is used within an organization, by managers and employees A financial accounting system produces information that is used by parties external to the organization, such as shareholders, bank and creditors Management accounting helps management to record, plan and control activities and aids the decision making process...
displayed 300 characters

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