What's The Difference Between The Financial And Management Accounting?
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Management accounting differs from financial accounting in several ways. Management accounting information is intended for internal users, whereas financial accounting information is directed towards external users.
Management accounting is not bound by the externally imposed rules of financial reporting. Furthermore, it tends to be more subjective and uses both financial and non financial measures, whereas financial accounting provides audited, objective financial information. Management accounting is more broader and multidisciplinary.
Management accounting is not bound by the externally imposed rules of financial reporting. Furthermore, it tends to be more subjective and uses both financial and non financial measures, whereas financial accounting provides audited, objective financial information. Management accounting is more broader and multidisciplinary.
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