Role of the financial accounting and managerial accounting
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There is a discussion of the role of the financial accounting and managerial accounting functions in organizations.
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The role of the financial accounting and managerial accounting functions in organizations are examined.
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The roles of financial and managerial accounting embody an array of differences within an organization. These roles support internal and external parties with a variety of data to assist in achieving important tasks. Managerial accounting is a branch of accounting that deals primarily with confidential financial reports for the exclusive use of top management within an organization (Wikipedia, 2006). It is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting, and communicating information to help managers fulfill organizational objectives (Horngre, Sundem, Stratton, 2005). On the other hand, ...
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