Accounting And Financial Management
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Comparison of management accounting and financial ... Financial accounting is required by law while management accounting is not. Specific standards and formats may be required for statutory accounts such as in the I.A.S International Accounting Standard within Europe. Financial accounting covers the entire organization while management accounting may be concerned with particular products or cost ... Difference Between Financial Accounting and Management ... The most important difference between financial accounting and management (managerial) accounting are explained here in points. One such difference is, financial accounting records only quantitative information but the management accounting records both the quantitative or qualitative information. The Differences Between Financial Accounting & Management ... The principle difference between financial and managerial accounting has to do with the intended users of reports generated from each accounting method. Financial accounting reports are for the ...
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