Question

What is Management Accounting? Distinguish between ManagementAccounting and Financial Accounting.

Answer 1

in management accounting a managerial accounting managers use the provisions of accounting information in order to better inform them self before they decide matters within their organisations which it's their management and performance of control difference. *wile share holders creditors and public regulator's are publicly reported financial accountancy information lonely managers within the organisation use the normally confidential Management accounting information *while financial accountancy information is historical Management accounting information is primarily forward-looking