What is the difference between financial accounting and
management accounting?

Answer Posted / babuprasad kunchepa

Financial accounting is providing information & performance of a firm to parties outside organization,
whereas Managerial accounting information is aimed at helping managers within the organization make decisions.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

describe the rule of garner vs murray and how it relates to the dissolution of a partnership

4273


Tell me what is “deposit in transit”?

592


Is the shadow balance present in bank account always credited or bank may reverse it as well?

605


What is the double entry system explain its rules with examples?

623


Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx

2295






how to prepare for accontant examinations

1631


Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.

1746


Explain what is account receivable?

623


Define push down accounting?

605


adjustment entry showing in tally such as outstanding salary prepaid salary etc.

2750


Mention the types of accounts involved in double entry book-keeping?

612


How to Automate requirment mapping in QC?

1509


which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan

1739


What are depreciation and amortization?

644


I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.

1637