financial and management accounting

FINANCIAL AND MANAGERIAL ACCOUNTING Accounting is the backbone of the pedigree pecuniary world and can fall into two study categories which be managerial and fiscal account. Managerial accounting and snatch accounting is a process that identifies, measures, analyzes, interprets and communicates cultivation in inquisition of an makeup or company goals. Management accounting is as well know as cost accounting. Managerial accounting provides whirligig management with reports that are future-oriented. Financial accounting is comprised of nurture that companies bounty to the common public stockholders, creditors, customers, suppliers, and regulatory commissions. Team Bravo result also discuss the importance of fiscal accounting for an validation and what information is provided, as well as giving examples of the users in the managerial and pecuniary accounting fields and how their decisions are do ground on this information. Managerial accounting includes information such(prenominal) as cost of an organizations products and services; budgets; purpose reports and other(a) information that assist with control activities and planning.

Examples of this type information would be revenues of an organizations product and service, sales back logs, genial unit quantities and demands on capacity resources. (2009) Managerial accounting deals with information that is non made public and usually can be contrasted with fiscal accounting, which is concerned with providing information to stockholders, creditors and others who are outside an organization (Garrison and Noreen, 1999). On the other hand, the other type of accounting is financial ac counting. In order to explain the purpose of! financial accounting on that point must an understanding of what financial accounting is. So what is financial accounting? Financial accounting is the field of accounting that treats silver as a direction of measuring economic carrying into action instead of (as in cost accounting) as a means of...If you want to get a full essay, order it on our website: OrderEssay.net

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