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:

272_Untitled.jpg

 

It is significant to define cost accounting at this point.

 

 

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







Related Discussions:- Financial accounting , Assignment Help, Ask Question on Financial accounting , Get Answer, Expert's Help, Financial accounting Discussions

Write discussion on Financial accounting
Your posts are moderated
Related Questions

Feed-forward control system Feed-forward control system describes a system in which deviations in the system are anticipated in a forecast of future results, so that corrective

Identify whether each of the following transactions involves spot exchange, contract, or vertical integration. For the last item if the contract length is optimal or suboptimal.

Factoring Services: All subsequent services are offer through the factor apart from the core service of purchasing receivables. 1)    Sales credit management and Ledger adminis

Ask queThe standard cost of chemical mixture ~ PQ’ is as follows: 40% of material P @ Rs. 400 per kg. 60% of material Q @ Rs. 600 per kg. A standard loss of 10% is normally anticip

Factory Layout The first stage of implementing the JIT manufacturing techniques is to rearrange the factory floor away from the batch production functional layout towards a pro

Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company''s

Financial manager's role in inventory management The techniques of inventory management are very useful in determining the optimum level of inventory and finding answers to the

QUESTION:  PART A One of the divisions within Acme Manufacturing company is presently negotiating with another supplier regarding outsourcing component A that it manufac

Funds produced from operations, throughout an accounting period, raise working capital by an equivalent amount. The two major components of funds generated from operations are depr