Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Question
Book Icon
Chapter 17.5, Problem 14TP
Summary Introduction

To discuss: The key difference between managerial and financial accounting.

Introduction: Accounting is a process in which transactions are recorded, summarized, classified, analyzed and reported.

Blurred answer
Students have asked these similar questions
What is financial accounting? How does it differ from managerial accounting? Why is this important to know?
What do auditors do if they find that applicable accounting principles are not being met when reviewing financial statements?
What’s is accounting? How do companies use information from their accounting systems and statements?