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management vs financial accounting

Posted in on Mar 27th, 2014 | 0 comments

Management accounting provides information to people within an organization while financial accounting is mainly for those outside it, such as shareholders

Managerial accounting is used primarily by those within a company or organization. Reports can be generated for any period of time such as daily, weekly or monthly. Reports are considered to be “future looking” and have forecasting value to those within the company.