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Essay text:
Management accounting also comprises the preparation of financial reports for non-management groups such as shareholders, creditors, regulatory agencies, and tax authorities (1994)."
Key differences between the two disciplines are defined in the following chart.
Management Accounting Financial Accounting
A management accounting system produces information that is used within an organization, by managers and employees A financial accounting system produces information that is used by parties external to the organization, such as shareholders, bank and creditors
Management accounting helps management to record, plan and control activities and aids the decision making process...
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Common topics in this essay:
- Ethics in accounting and financial decision making
- Ethics in Accounting and Financial Decision Making
- Ethics in Accounting and Financial Decision Making
- What is meant by saying that accounting information should be ?decision useful'?
- discuss the role of the financial accounting and managerial accounting functions in organizations
- Managerial Accounting Vs Financial Accounting
- Managerial accounting vs Financial accounting
- HOW MANAGERIAL ACCOUNTING ADDS VALUE TO ORGANIZATION
- Managerial Decision Making
- Managerial Decision Making
- Managerial decision making
- Managerial Decision Making
- Advanced Managerial Decision Making
- Managerial and Financial Accounting
- Managerial and Financial Accounting
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