✅ SUBSCRIBE to our channel [ Ссылка ]
➡️ LEARN accounting with us today [ Ссылка ]

FINANCIAL VS MANAGEMENT ACCOUNTING
Financial accounting is concerned with the past performance of a business. The reports should allow the business to compare against previous years and also other similar businesses. Additionally, financial accounting gives a view of the business without the bias of management. This can also be known as an objective view. And finally the financial accounting reports are provided to good quality and should give comfort as they follow the accounting standards. On the other hand, management accounting is concerned with the future performance of a business. This can be assessed through planning and also budgeting. Management accounting can help in the following ways. Firstly it could help forecast sales of different products and also estimate the profits or losses on a business level or by product. Management accounting could also help assess whether it adds value or not to expand and finally could evaluate the expected demand depending on the selling price of a product.

This video will help you with questions such as financial vs management accounting, financial vs. management accounting, financial versus management accounting, financial accounting vs management accounting, financial accounting vs. management accounting, financial accounting versus management accounting, financial vs management accounting, financial vs. managerial accounting, financial versus managerial accounting, financial accounting vs managerial accounting, financial accounting vs. managerial accounting, financial accounting versus managerial accounting, what's the difference between financial and management accounting, what is the difference between financial and management accounting, what's the difference between financial accounting and management accounting, what is the difference between financial accounting and management accounting, what's the difference between financial and managerial accounting, what is the difference between financial and managerial accounting, what's the difference between financial accounting and managerial accounting, what is the difference between financial accounting and managerial accounting, financial vs managerial accounting, financial versus management accounting, financial versus managerial accounting, financial accounts vs managerial accounts, financial accounts vs management accounts, financial accounts versus managerial accounts, financial accounts versus management accounts, finance accountancy vs managerial accountancy, finance accountancy vs management accountancy, finance accountancy versus managerial accountancy, finance accountancy versus management accountancy.

DISCLAIMER
Our content is to be used as an EDUCATIONAL TOOL that aims to provide a foundation for individuals to learn financial accounting, management accounting and bookkeeping topics as practiced in the United Kingdom. As a result, not all complexities are shown or provided. Examples may include but are not limited to; differences between financial reporting, accounting standards or tax treatments. We are NOT ENGAGED in the providing of accounting, bookkeeping, financial, investment, tax, or other professional services. You should consult with a qualified or professional such as an accountant, business advisor, investment specialist, lawyer, solicitor, etc., with regards to specific facts and situations.

Copyright © 2024 The Accounting Student

#introductiontoaccounting #accountingbasics #financialvsmanagementaccounting

свернуть