Financial Accounting
Managerial and Financial Accounting Report
"Businesses exist because accountants facilitate them (Brower, 2006)." There are two different types of accountants, managerial and financial. There are many similarities and differences between these closely related professions. Managerial accountants are governed by the Institute of Management Accountants and financial accountants are governed by the American Institute of Certified Public Accountants. During the course of this paper the similarities and differences of financial and managerial accountants will be discussed. In addition, the code of ethics of the Institute of Management Accountants will be explained and the reports each type of accountant prepares will be described.
The main differences of managerial and financial accountants are the people they prepare accounting reports for. Managerial accountants are the accountants that provide information and reports to people inside the organization. Without managerial......
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Approximate Word Count: 936
Approximate Pages: 4 (250 words per double-spaced page)
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