Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


DIFFERENCES BETWEEN MANAGEMENT ACCONTING AND FINACIAL
ACCOUNTIG



DIFFERENCES BETWEEN MANAGEMENT ACCONTING AND FINACIAL ACCOUNTIG ..

Answer / ameet narayankhedkar

Financial accounting is the collection, recording,
classification and proper presentation of financial
information or date in such a way that all external agencies
such as income tax authorities, government, shareholders,
creditors of a company can understand it easily. From the
data presented by financial accounting, these external
agencies can easily understand what exactly is going on in a
company. They can know the financial strengths and
weaknesses of a firm by the financial data presented through
the process of financial accounting. Managerial accounting
is related to the accounting work done for the better
understanding of facts for the management of the company.
Management accounting is not done for any outside party, but
only for the company management to know where they should
give more attention to post better financial results.

Another difference between these two types of accounting is
that financial accounting is mandatory whereas management
accounting is optional.

Is This Answer Correct ?    14 Yes 2 No

Post New Answer

More Accounting General Interview Questions

Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj

0 Answers   IBM,


MY QUESTION IS OUR EMPLOYEE PAID SCHOOL FEES & TUTION FEES & BUS FEES FOR CHILD EDUCATION. IN WHAT KIND OF FEES WE TAKE DEDUCTION UNDER 80 C.

2 Answers  


Why Reserves and Surplus are shown on the liabilities side of the balance sheet.? justify your answer.

4 Answers   Infosys, Muthoot Group,


CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION

16 Answers   IBM, OPI Global,


give 3 reasons why capital is referred to as a special liability

0 Answers   KCA University,


What is control in accounting?

0 Answers  


what do you understand by BRS? why is the reconciliation done?

3 Answers  


what is the debtor & creditor, i am purchasing a good then," who is the creditor"

3 Answers  


WHAT IS THE DIFFERENCE BETWEEEN CASH FLOW STATEMENT AND FUNDS FLOW STATEMENT

1 Answers  


Explain Sundry Debtors and Sundry Creditors.

17 Answers   SVE Drilling Tools,


what is real account and its advantages

1 Answers  


what is defference between flat rate and reducing rate, and which is more affortable for borrower?

1 Answers  


Categories