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(Reference 1)
Differences among of these 3:
Internal Accounting Information
External Needs Internal Needs
(Figure 1)
From figure 1, we can see Management Accounting and Cost Accounting are almost similar, because what they do are all for internal use. (Reference 2) Below I am going to show the Differences between Management Accounting (MA)/Cost Accounting (CA) with Financial Accounting (FA).
Primary Users: MA and CA, the primary users are the organization managers at various levels, the information is private and confidential, also mostly internal users only. FA, the primary users are outside parties such as investors and government agencies but also organization managers (for financial analysis and comparison)...
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