What are some similarities and differences between financial and managerial accounting? Please provide examples.© BrainMass Inc. brainmass.com March 5, 2021, 1:08 am ad1c9bdddf
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 ...
Brief summary of the similarities and differences between financial and managerial accounting