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Financial Accounting versus Managerial Accounting.
Title: Financial Accounting versus Managerial Accounting.
Category: Business & Economy
Details: Words: 2091 | Pages: 8.9 (approximately 235 words/page)
Financial Accounting versus Managerial Accounting.
What is the difference between financial accounting and managerial accounting and who benefits from the information derived for the reports and advice offered by these accountants? Financial accounting is typically used for external oriented groups and results in the development of a balance sheet and financial statements. Managerial accounting, on the other hand, uses the information in the balance sheet and on the profit and loss statement in a comparative manner to allow the manager to make decisions to better plan, organize, and control the …showed first 85 words of 2091 total…
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…showed last 85 words of 2091 total…definition and scope-from a
managerial view. Management Accounting, 66(8), 26-27.
Bushman, R. M., & Smith, A. J. (2001, April 4). Financial accounting information and
corporate governance. Journal of Accounting and Economics, 32, 237-333.
Peters, D. (2003). Your Personal Ethics--Is It Time For a Check-Up? National Jeweler,
97 (7), 30-31. Retrieved April 6, 2005 from EBSCOhost database.
The Institute of Management Accountants. Standards of ethical conduct for members.
Retrieved April 7, 2005, from http://www.imanet.org/ima/docs/1000/981.pdf
Marshall, D., McManus, W., & Viele, D. (2004). Accounting: What the numbers mean.
6th ed. New York: McGraw-Hill.
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