Financial Accounting vs Managerial Accounting: Whats the Difference? Bay Atlantic University Washington, D.C.
Although accounting is a broad concept, financial and managerial accounting are two of the most commonly used methods. They serve different purposes and often work together to represent a business’s correct financial outlook. However, to ensure informed decision-making, it’s necessary to understand the differences between financial and managerial accounting. Financial accounting, on the other hand, …