Whats is the difference between finance, accounting and management?
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NITIN DESHMUKH Yard by yard its hard, but inch by inch its | Scholar-Level 17
2 months agoFinancial accounting is an accounting system, which gives true and a fair view of the financial position of the company to various parties. Management accounting is an accounting system which provides both the quantitative and qualitative information to the managers.
Former needs good knowledge of financial statements, like cash flow, balance sheet, profit and loss statement. Whereas, latter needs more of bond-equity valuation, company valuation, prediction of results from companies past financial statements.
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