Scribd Logo
Upload

Welcome to Scribd!

  • Using A Table, List The Main Features That Distinguish Financial Accounting From Managerial Accounting.

    Uploaded by

    Regina
    4 views1 page
    Financial accounting focuses on generating financial statements for external stakeholders and the public using accurate historical data, while management accounting examines operational reports internally using estimates to identify bottlenecks and enhance profits by providing relevant future-focused information for immediate managerial decision-making.

    Original Description:

    Original Title

    Using a table, list the main features that distinguish financial accounting from managerial accounting.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Financial accounting focuses on generating financial statements for external stakeholders and the public using accurate historical data, while management accounting examines operational reports internally using estimates to identify bottlenecks and enhance profits by providing relevant future-focused information for immediate managerial decision-making.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views1 page

    Using A Table, List The Main Features That Distinguish Financial Accounting From Managerial Accounting.

    Uploaded by

    Regina
    Financial accounting focuses on generating financial statements for external stakeholders and the public using accurate historical data, while management accounting examines operational reports internally using estimates to identify bottlenecks and enhance profits by providing relevant future-focused information for immediate managerial decision-making.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Using a table, list the main features that distinguish financial accounting from

    managerial accounting.
    FINANCIAL ACCOUNTING MANAGEMENT ACCOUNTING
    Financial accounting only cares about Management accounting looks for bottleneck
    generating a profit and not the overall system operations and examines various ways to
    of how the company works. enhance profits by eliminating bottleneck
    issues.
    Financial accounting is focused on creating Management accounting focuses on
    financial statements to be shared internal and operational reporting to be shared within a
    external stakeholders and the public. company.
    Financial statements are due at the end of an Management reports may be issued more
    accounting period. frequently, to provide managers with relevant
    information they can act on immediately.
    Financial accounting relies on this accurate Management accounting frequently deals with
    data for reporting. estimates opposed to proven facts.
    Financial accounting looks to the past to Management accounting looks to the future
    examine financial results that have already with forecasting.
    been achieved, so it is historically focused.

    You might also like