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Compare financial accounting and managerial accounting

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Reference no: EM131536158

Question: In the following chart, compare financial accounting and managerial accounting by describing how each differs for the items listed. Be specific in your responses.

                                                 Financial Accounting                               Managerial Accounting

1. Nature of information . . . . . . . . . . . . _____                                                     _____

2. Flexibility of practice . . . . . . . . . . . . . _____                                                    _____

3. Focus of information . . . . . . . . . . . . . _____                                                    _____

4. Time dimension . . . . . . . . . . . . . . . . . _____                                                   _____

5. Users and decision makers . . . . . . . . _____                                                      _____

6. Timeliness of information . . . . . . . . . _____                                                      _____

7. Purpose of information . . . . . . . . . . . _____                                                     _____

Reference no: EM131536158

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