Determine the Range and quality of information

Financial accounting reports concentrate on information which can be quantified in monetary terms. Management accounting additionally produces such reports however is also more likely to produce reports which comprise information of a non-financial nature, like physical volume of inventories, number of sales orders received, number of new products launched, and physical output per employee and so on. Financial accounting lays greater emphasis on the use of objective, verifiable evidence when preparing reports. Management accounting reports may use information which is less objective and verifiable however nevertheless provide managers with the information they require.