Managerial accounting is different from financial accounting and reporting that you studied in ACCT 500. Managerial accounting information is used by internal users, proactive and timelier when compared with financial accounting. Managerial accounting reports are also not required to be prepared in conformity with generally accepted accounting principles.
Provide some examples of uses of both financial and managerial accounting and describe the roles they play in the lives of users? Managerial accounting is different from financial accounting and reporting that you studied in ACCT 500. Managerial accounting information is used by internal users, proactive and timelier when compared with financial accounting. Managerial accounting reports are also not required to be prepared in conformity with generally accepted accounting principles.
Provide some examples of uses of both financial and managerial accounting and describe the roles they play in the lives of users?
