Managerial Accounting
Managerial Accounting
This essay will discuss the differences between managerial accounting and financial accounting in an organization. It will also cover the responsibilities of managerial accounting in dealing with the security and financial integrity within an organization. And in the conclusion, I will submit my opinion regarding the expanding role of managerial accountants in organizations.
Managerial Accountants vs. Financial Accountants
Financial Accountants
Financial accountants develop financial reports based primarily upon historic data that can be accessed by internal and external users. Such reports are balance sheets, the income statement, statement of owner’s equity and statement of cash flow. The external users that will want to view these reports are as follows: possible investors, banks and credit unions that may loan money, and the U.S Government for audit purposes. The financial accountant has to follow the Generally Accepted Accounting......
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Approximate Word Count: 435
Approximate Pages: 2 (250 words per double-spaced page)
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