state the differences between financial accounting and
management accounting
Answers were Sorted based on User's Feedback
Answer / siju
financial accounting is to find the financial position of
the organisation to their internal mgt,where as mangement
account is the thypical presention of magt date to the
outside world..
Is This Answer Correct ? | 10 Yes | 6 No |
Answer / kushagra rai
financial accounting in which the account are
systematically arrange , classifing , summerising and
analysing the account .
In management accounting in which the account are managed
and it help us to taking a decision in the business
world .Management Accounting is science and art.
Is This Answer Correct ? | 7 Yes | 4 No |
Answer / thenraj
As u read earlier answer where they said financial
accounts - used to know financial (monetary) status of the
business.
whereas management accounts purely concentrate on
managerial activities like marketing, hr, innovative
thoughts, decision making capability etc.,
Is This Answer Correct ? | 4 Yes | 4 No |
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