Share
Explore BrainMass

Similarities and Differences between Financial and Managerial Accounting

What are some similarities and differences between financial and managerial accounting? Please provide examples.

Solution Preview

Similarities/Differences between Financial & Managerial Accounting

The first thing to consider when discussing financial and managerial accounting is for who the reports are generated. The financial reports are generally for external parties - shareholders, creditors, general public, etc., whereas managerial accounting generates reports that are used ...

Solution Summary

Brief summary of the similarities and differences between financial and managerial accounting

$2.19