Financial vs Managerial Accounting

Managerial and Accounting Report The Differences Between Managerial and Financial Accounting Although economic information can be classified in many ways, accountants often divide accounting information into two types: financial and managerial. The chart on page three provides a graphic illustration of the relationships between managerial and financial accounting that are mentioned in this paper. Understanding this relationship is useful in understanding the informational needs of management. Financial Accounting Financial accounting information is reported in statements …

…codes by being dishonest, biased, and/or incompetent. Violations of this magnitude are punishable by several means. Accountants breaching the code of conduct may be disciplined by suspension or revocation of licensures and even termination. References: Marshall, W., McManus, D., Viele, W. (2003). Accounting: What the Numbers Mean. <Tab/>Retrieved December 20, 2005, from https://ecampus.phoenix.edu Unknown (2005). Financial vs. Managerial Accounting. Retrieved December 20, 2005, <Tab/>from https://evidhya.com