is this financial accounting or management accounting with reasons
Q1[finding the cost of the company's products]
Q2[reportingthe profit made by 2019]
Q3[submitting tax for the previous year]
Q4[preparing the forecasted cashflow for division b]
Q5[compare the actual money spent with the budgeted]
Answers
Answer:
management
financial
Management
financial
management accounting
the provision of financial data and advice to a company for use in the organization and development of its business
Relevant costs analysis
Audience targeting
Make or buy evaluations
Define Budgets
Controlling
Planning
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use.
A management accounting department is one of the company’s essential units, but most entrepreneurs don’t realize it due to its “under the radar” style of work. Management accountants are insiders who create internal analyses to guide the overall business strategy
Explanation:
There are two primary differences between financial and management accounting. The first difference is that management accounting is presented to a company's internal community, while financial accounting is prepared for an external audience.