Managerial and Financial Accounting Differences

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Managerial
Internal reporting and decision making
Financial
External reporting
Financial
Historical information
Managerial
Future Decision Making
Managerial
Emphasizes relevance
Financial
Emphasizes verifiability
Financial
Precision
Managerial
Timeliness
Financial
GAAP
Managerial
not required
Financial
Company wide reporting
Managerial
Segement reporting

Related Flashcards:

  1. Financial Accounting and Managerial Accounting
  2. ACC 203 Financial VS Managerial Accounting
  3. Chapter 1 Managerial Accounting
  4. Introduction to Managerial Accounting- Chapter 1 Differences between Managerial & Financial Accounting
  5. Introduction to Managerial Accounting- Chapter 1 Differences between Managerial & Financial Accounting
  6. Managerial and Financial Accounting Differences
  7. Virtual Business Accounting – Analyzing Financial Statements, Managerial Accounting 1, Managerial Accounting 2
  8. Accounting-Managerial v.s. Financial
Categories: Financial Accounting

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