Explain both management accounting and financial accounting, Accounting Basics

Assignment Help:

Management accounting and financial accounting

Accounting is generally seen as having two different strands which are:

? Management accounting that seeks to meet accounting needs of managers; and

? Financial accounting that seeks to meet accounting needs of all of the other users.

 


Related Discussions:- Explain both management accounting and financial accounting

Two-stage ddm model, Assorted fund, a U.K.-based globally diversified equit...

Assorted fund, a U.K.-based globally diversified equity mutual fund, is considering adding Talisman Energy Inc. (Toronto Stock Exchange: TLM) to its portfolio. Talisman is an indep

Development stage entities, The Development Stage Entities Topic specifies ...

The Development Stage Entities Topic specifies the guidelines for identifying an entity in the development stage, addresses the applicability of generally accepted accounting princ

Non-profit organization, Objective of Eight non-profit organization engaged...

Objective of Eight non-profit organization engaged in the conservation forest and wild animals

Computer based process solutions for accounts, Process Solutions provides a...

Process Solutions provides a computer-based document processing service. The accountant has produced the following analysis.   Standard Modifi

Analyzing and using the financial results trend percentages, Analyzing and ...

Analyzing and using the financial results trend percentages It is occasionally more informative to express all the dollar amounts as a percentage of one of the amounts in the b

CIS 180, Start in cell E3. Complete the series of substitution values rangi...

Start in cell E3. Complete the series of substitution values ranging from 5 to 15 at increments of 1, vertically down column E.

Taxation law, Ken, a resident, is a handyman who contracts with people to d...

Ken, a resident, is a handyman who contracts with people to do a variety of jobs including repairing fences, fixing household items and small painting jobs. As part of this work, K

Accounting equation, Ower invested cash in the company along with equipment...

Ower invested cash in the company along with equipment at market value, the amount is considered part of capital or revenues?

What is owners invested cash, Q. What is Owners invested cash? When Met...

Q. What is Owners invested cash? When Metro Courier Inc was structured as a corporation on 2010 June 1 the company issued shares of capital stock for USD 30000 cash to Ron Chan

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd