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    Financial Accounting, Management Accounting, and Finance

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    What are financial accounting, management accounting, and finance? How are they similar and different?

    © BrainMass Inc. brainmass.com June 3, 2020, 8:52 pm ad1c9bdddf

    Solution Preview

    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 ...

    Solution Summary

    The problem deals with discussing the similarities and differences between managerial and financial accounting.