Interested to Buy Any Domain ? << Click Here >> for more details...
DIFFERENCES BETWEEN MANAGEMENT ACCONTING AND FINACIAL
ACCOUNTIG
- 1 Answers
- 8423 Views
- EXL, Wipro, I also Faced
- E-Mail Answers
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 |
what is journal entry in the transferee company book in the case of amalgation
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
company office interior work payment paid by MD on his personal account what is entry in company accounts book & md personal a/c book?
who is debtor? who is creditor?
Horizontal balance sheet versus Vertical balance sheet
WHAT IS SERVICE TAX
what are the types of leverage ratios?
If we get TDS certificate after audit whareas this certificate is related to same financial year,in this condition how will we consider tds or can we take this credit in next f.y.?
What is BANK MSOD How to Prepare Bank MSOD.
2 Answers Infopower Technologies, QIS,
What is Tax Audit ? Please Explain.
Hi Guys. Does anyone know any practising cost accountant in hyderabad? Pls help me. I would like to gain some practical experinence. Salary not an issue. Pls help me guys.
which is best CA or MBA?
Audit 
