Buy custom nature and purpose of accounting
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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2844 |
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Instead they rely on summaries of this information, they use these summaries, together with other information, to carry out their management responsibilities. The function for which they use this information can be categorized as control, coordination and planning. This accounting information specifically intended for these purpose is called management accounting...
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This accounting information specifically intended for these purpose is called management accounting.
Financial Accounting
Another type of accounting information is intended both for managers and also for the use of parties external to business, including shareholders, bankers and other creditors, government agencies, and the general public...
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