Financial and Management Accounting a. What is the major difference between financial

Chapter 2, Problem 6

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QUESTION:

Financial and Management Accounting

a. What is the major difference between financial accounting and management accounting?

b. Explain how managers use the information in accounting reports.

Questions & Answers

QUESTION:

Financial and Management Accounting

a. What is the major difference between financial accounting and management accounting?

b. Explain how managers use the information in accounting reports.

ANSWER:

                                                                Step 1 of 3

Every company records its business transactions in the books for the purpose of preparing business reports.

                                                               

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