Financial accounting , Managerial Accounting

Financial Accounting

Which is concerned with the provision of information to external parties outside the organization? It is the procedure of measuring, classifying, summarizing and reporting financial information used in making economic decisions. It’s concerned with the preparation of financial statements to be used by the firm’s external stakeholders.

The key differences among Management Accounting (MA) and Financial Accounting (FA) can be summarized as follows:

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It is significant to define cost accounting at this point.

 

 

Posted Date: 12/4/2012 5:57:37 AM | Location : United States







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