Title: Managerial Accounting

Essay Details

Subject: Business
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Date: September 8, 2014
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Grade: A
Length: 5 / 1371
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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...

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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...

Showed next 250 characters

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