The different types of reports generated by financial and managerial accounting and their purposes:
What types of reports are generated by financial accounting?
what type of reports are generated by managerial accounting?
What are the purposes of each?
At the highest level, the difference between financial accounting and managerial accounting is that financial accouting deals with producing standard reports for generally external parties (shareholders, investors, regulatory bodies) while managerial accounting deals with internal reporting and analysis of operational data in order to provide ...
This job names different types of reports generated by financial and managerial accounting.