Financial vs. Managerial Accounting

After reading the required background resources for this Module, compare and contrast financial accounting and managerial accounting. What are the purposes and the critical functions of each? Explain your answer in a 200-word summary, using peer-reviewed sources to...

Financial vs. Managerial Accounting

Financial accounting and managerial accounting are different. Namely, financial accounting refers to reports that are prepared for review by individuals outside the organization, like investors and creditors. Managerial accounting refers to reports that are generated...