Sunday, July 9, 2017

What is the difference between Financial Accounting & Management Accounting ?



Answer:
Financial Accounting
Ø  Financial Accounting is the process of summarizing financial data taken from an organization's accounting records and publishing in the form of annual (or more frequent) reports for stakeholder of  the organization
Management accounting
Ø  Management Accounting is concerned with the provisions and use of accounting and other information to managers within organizations, to provide them with the basis in making informed business decisions.

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