Math, asked by kuldeepsingh9223, 1 year ago

A distinguishing feature of managerial accounting is

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Answered by AkarshikaPriyadarshi
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As we know it's just not a feature it's a very managerial accounting information is aimed at helping managers within the organization make decisions. In contrast, financial accounting is aimed at providing information to parties outside the organization. 
Answered by ZiaAzhar89
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Hey Sona

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1. INTENDED USERS: managerial accounting information is aimed at helping managers within the organization make decisions. In contrast, financial accounting is aimed at providing information to parties outside the organization. 

2. REGULATION: While Financial Accountants follow GAAP set by professional bodies in each country, Managerial Accountants make use of procedures and processes that are not regulated by a standard-setting bodies. 

3. TIME PERIOD: Managerial Accounting provides top management with reports that are future-oriented, while Financial Accounting provides reports based on historical information. 

4. CONFIDENTIALITY: Management Accounting is the branch of Accounting that deals primarily with confidential financial reports for the exclusive use of top management within an organization. 

5. TYPE OF INFORMATION: Rather than a specific set of financial documents, managerial accounting has a broad range of reports that are prepared utilizing scientific and statistical methods to arrive at certain monetary values which are then used for decision making.


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