Managerial Accounting vs Financial Accounting Differences & Uses Video & Lesson Transcript
ContentGet A Clear Picture With Managerial And Financial AccountingDefinition of Management AccountingONLINE MASTER OF BUSINESS ANALYTICSFinancial accounting skills and qualificationsFunctions of Financial AccountingPurpose of Reports Financial accountants produce documents such as income statements and balance sheets, which external parties (investors, industry regulators) use. The statements document an organization’s financial performance over a period of time, as well as its overall financial health. Agencies such as the Securities and Exchange Commission (SEC) regul