A distinguishing feature of managerial accounting is
Answers
Answered by
0
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
0
Hey Sona
Copied from Web
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.
✌✌✌Brainliest
Copied from Web
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.
✌✌✌Brainliest
Similar questions