BookNotes - measures, analyzes, and reports financial and...

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Management Acct - measures, analyzes and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization Financial Accounting focus on reporting to external parties such as investors, gov agencies, banks and suppliers Statements are based on GAAP Cost accounting provides information for mangement accounting and financial accounting
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Unformatted text preview: measures, analyzes, and reports financial and nonfinancial info relating to the costs of acquiring or using resources in an organ ex. Calc the cost of a product Cost Management -describe the approaches and activities of managers to use resources to increase value to customers and to achieve organ. Goals linked with revenue and profit planning...
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