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Managerial and Financial Accounting Report

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Norman F

 

Date added:

July 9, 2015

 

Level:

University

 

Grade:

 

No of pages / words:

4 / 876

 

Was viewed:

3042 times

 

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Essay content:

According to Kieso and Weygant, financial accounting is the process that culminates in the preparation of financial reports relative to an enterprise as a whole for use by parties both internal and external to the enterprise. In contrast, managerial accounting is the process of identification of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of, and accountability for, its resources (p...
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In contrast, managerial accounting is the process of identification of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of, and accountability for, its resources (p. 3). Below summarizes the difference between managerial and financial accounting: Financial Accounting has been characterized as the branch of accounting that focuses on the general purpose reports of financial position and results of operations known as financial statements...
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