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by davoomac on September 20th, 2006

davoomac

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What is the difference between managerial accounting and financial accounting?

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  • by Ullyses on September 20th, 2006

    Ullyses

    Financial accounting is the act of accounting for cash, fixed assets, stock, etc. Management accounting is looking at the effect that has on your business, through such media as profit percentages and under/overspend charts.

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  • by nick2008 on January 31st, 2008

    nick2008

    management accounting is a mechanism for using financial resources as a normalizing mechanism for making decisions about different choice and alternatives. In other words it helps the management to do the right thing, whereas financial accounting is something performed to agreed standards and principles which is known as GAAP(generally agreed accounting principles) designed to fairly and accurately report the true worth of the business to its owners and its true profit to its tax collectors

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  • by Anonymous on October 25th, 2007

    Anonymous

    What is the difference between managerial accounting and financial accounting?

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