Distinction between management and financial accounting, accounting, Basic Statistics

Distinction between Management and Financial Accounting


The variations between control sales and financial sales include


Control sales provides details to individuals within an enterprise while financial sales is mainly for those outside it, such as shareholders


Financial sales are necessary by law while management sales are not. Specific expectations and types may be necessary for governmental accounts such as Worldwide Financial Confirming Standards.


Financial sales protect the whole enterprise while control sales may be worried with particular products or cost companies.


Managing sales is used mainly by those within a company or company. Reviews can be produced for any time period such as day-to-day, regular or per month. Reviews are considered to be "future looking" and have predicting value to those within the company.


Financial sales are used mainly by those outside of an organization or organization. Financial statements are usually created for a set time interval, such as an economical year or interval. Financial statements are traditionally actual and have predictive value to those who wish to make financial options or purchases in an organization. Control Accounting is the division of Accounting that deals mainly with private financial reviews for the unique use of top management within an organization. These reviews are prepared utilizing medical and precise methods to arrive at certain financial principles which are then used for selection. Such reviews may include:


Sales Predicting reports


Budget research and relative analysis


Feasibility studies


Merger and relief reports


Financial Accounting, on the other hand, specializes in the production of economic statements, including the basic reporting requirements of earnings, assets, solvency and stability. Reviews of this nature can be used by internal and external users such as the investors, the banks and the lenders.


 


 

Posted Date: 2/8/2012 6:53:32 AM | Location : United States







Related Discussions:- Distinction between management and financial accounting, accounting, Assignment Help, Ask Question on Distinction between management and financial accounting, accounting, Get Answer, Expert's Help, Distinction between management and financial accounting, accounting Discussions

Write discussion on Distinction between management and financial accounting, accounting
Your posts are moderated
Related Questions
Long Term Credit Decision In no more than one typed page, provide a statement of your decision to lend or not lend to this company based on your interpretation of the company'

following the hight of studen 155,153,168,160,162,166,167,180,257,165,

Marginal costing and Break-even analysis According to C.I.M.A. Manchester, "Marginal Price means the quantity at any given variety of result by which get worse scenario costs ar

The trial balance of the Parton Wholesale Company contained the following accounts at December 31, 2010 the end of the company’s calendar year. PARTON WHOLESALE COMPANY Trial Bala

The Midwestern Manufacturing Company (MMC) is a large manufacturer of electrical generators.  The firm has experienced demand for their generators as shown below: Year  Demand

Ghosh Ltd is considering expanding its business and has to decide between taking on Project A or Project B. Both projects have a life of four years. Equipment is expected to have

theorems of probability ..


Why index numbers serve as economic barometers?