Buy custom Managerial accounting vs Financial accounting
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 721 |
Essay's paper body
These reports are primarily used by owners, potential owners of a business, and by people who have loaned money to a company. They analyze this information in conjunction with general economic information, such as information about the industry in which the company operates. External users focus on broad information that reveals the overall performance of the company as a whole...
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External users focus on broad information that reveals the overall performance of the company as a whole. In addition, financial accounting only reports information on financial transactions that have occurred in the past. Stockholders, suppliers, and banks also benefit from the financial reports that are generated...
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General points of the essay
discuss the role of the financial accounting and managerial accounting functions in organizations
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