Question

Difference between the financial accounting and mamagement accounting

Answer 1

The differences between management accounting and financial accounting include:

Management accounting provides information to people within an organization.

While financial accounting is mainly for those outside it, such as shareholders. Financial accounting is required by law while management accounting is not.

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Answer 2

The differences between management accounting and financial accounting include: Management accounting provides information to people within an organization while financial accounting is mainly for those outside it, such as shareholders Financial accounting is required by law while management accounting is not.


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