Financial accounting is wholly historical. Managerial accounting, on the other hand, looks at past performance but also creates business forecasts. Financial accounting reports are highly regulated since they are released for public consumption, whereas managerial accounting reports are only circulated...
Management Accounting是管理会计。比较注重企划，分析。 对于一个工程的预算，还有一些财政的费用计算。MA是管理级，一般是经理之类。Financial Accounting 是财务会计。一般都是报表方面的。（小员工）遵循会计法，税法，主要是做Financial Statements一类的报表。理论知识很多，不过都按规章办事。管理会计主要职...
1、同属于现代会计。管理会计与财务会计源于同一母体，共同构成了现代企业会计系统的有机整体。两者相互依存、相互制约、相互补充。2、最终目标相同。管理会计与财务会计所处的工作环境相同，共同为实现企业和企业管理目标服务。3、相互分享部分信息。管理会计所需的许多资料来源于财务会计系统，其主要工作内容...
When managerial accounting is made for internal consumption there is no set of standards to compile that information. On the other hand, financial accounting must follow various accounting standards. TIME PERIOD Financial accounting looks to the past to examine financial results that have already been ...
Managerial accounting is the practice of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization's goals. Managerial accounting differs from financial accounting because the intended purpose of managerial accounting is to assist ...
Financial accounting is a branch of accounting that focuses on the recording, summarizing, and reporting of a company’s financial transactions and information.It entails a methodical procedure for gathering, examining, and presenting financial data to different stakeholders, including investors, creditors...
Managerial accounting and financial accounting are two of the most prominent branches of accounting. They both deal with processing information which is useful in decision-making; however, they have differences that distinguish them from each other...
Ⅰ.ManagerialAccountingvsFinancialAccounting •Similarity Eachfieldofaccountingdealswiththeeconomiceventsofanenterprise.Forexample,cost.Unitcostofmanufacturingaproduct;Totalcostofgoodsmanufacturedandsold Bothmanagerialaccountingandfinancialaccountingrequirethattheresultsofanentity’seconomiceventsshouldbequantifiedand...
Financial vs Managerial Accounting What should a Ginner Use?Chris Breedlove
Managerial accounting may be no more precise than financial accounting. For example, it relies on allocations of certain product costs (e.g., overhead) that are based on assumptions rather than on cause-and-effect relationships. Answer (B) is incorrect. ...