What are financial accounting, management accounting, and finance? How are they similar and different?© BrainMass Inc. brainmass.com March 4, 2021, 8:16 pm ad1c9bdddf
Financial accounting is an external accounting function. It gives information to creditors, investors, government agencies and the general public. Finanncial accounting is not concerned with the internal management of the company.
Management accounting is an internal accounting function. It gives ...
The problem deals with discussing the similarities and differences between managerial and financial accounting.