Financial accounting vs managerial accounting
[PDF File]Financial vs. Managerial Accounting - Amazon S3
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Managerial and Cost Accounting 10 Introduction to Managerial Accounting 1. Managerial Accounting Early portions of this textbook dealt mostly with financial accounting. Financial accounting is concerned with reporting to external parties such as owners, analysts, and creditors. These external
[PDF File]Managerial Accounting - Amazon S3
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UNIT – I MANAGEMENT ACCOUNTING INTRODUCTION: A business enterprise must keep a systematic record of what happens from day-tot-day events so that it can know its position clearly. Most of the business enterprises are run by the corporate sector. These business houses are required by law to prepare periodical statements in proper form showing the state of financial affairs. The systematic ...
[PDF File]Managerial and Cost Accounting
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Financial accounting Managerial accounting Users External users of information – usually shareholders, financial analysts, and creditors Internal users of information – usually managers. GAAP Must comply with generally accepted accounting principles. NO generally accepted accounting principle requirements Time Period Uses historical (or past) data. May use estimates of the future for ...
[PDF File]Difference Between Financial and Managerial Accounting ...
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Financial vs. Managerial Accounting Page 2 of 2 Problem: Financial vs. Managerial Solution: Financial vs. Managerial. Understanding the Costs of Operating a Business Costs associated with the goods or services offered to customers. All other costs of operating a business. These costs are generally referred to as "operating expenses," or "selling and administrative expenses." All businesses ...
Financial Accounting - Investopedia
between financial and managerial accounting, even though both financial and managerial accounting often rely on the same underlying financial data. In addition to the to the differences in who the reports are prepared for, financial and managerial accounting also differ in their emphasis between the past and the future, in the type of data ...
[PDF File]UNIT – I MANAGEMENT ACCOUNTING INTRODUCTION
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Accounting Edinburgh Business School v Contents PART 1 FINANCIAL ACCOUNTING FOR MANAGERS Module 1 An Introduction to Accounting and the Accounting Equation 1/1 1.1 Approaching Accounting 1/2 1.2 The Reality of Accounting 1/2 1.3 What Accounting Is …
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