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Comparing Managerial and Financial Accounting

Comparing Managerial and Financial Accounting - is part of...

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COMPARING MANAGERIAL AND FINANCIAL ACCOUNTING There are both similarities and differences between managerial and financial accounting. First, each field of accounting deals with the economic events of a business. Thus, their interests overlap. For example, determining the unit cost of manufacturing a product
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Unformatted text preview: is part of managerial accounting. Reporting the total cost of goods manufactured and sold is part of financial accounting. In addition, both managerial and financial accountings require that a company's economic events be quantified and communicated to interested parties....
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