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Essay

Managerial and Financial Accounting

Essay specific features

 

Issue:

Business

 

Written by:

Wilfred J

 

Date added:

January 3, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 781

 

Was viewed:

427 times

 

Rating of current essay:

 
Essay content:

This paper will explore the similarities and the differences between the two accounting methods as well as the different users of the two methods. Each method has its own value, depending on the needs of the business and the users. Managerial Accounting Managerial accounting information includes data on the costs of an organization’s products and services, budgets, performance reports, and anything else that will assist managers and employees in planning and control activities (Geense, 2005)...
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Some examples of managerial accounting are reported expenses of an operating department, calculated costs of producing a product, measurements of economic performance. Management accounting is not subject to the rules of GAAP and is continually reported unlike Financial Accounting. This is because the information provided by management accounting is intended for internal users only and is not available to the public...
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General issues of this essay:
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