1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sasho [114]
3 years ago
10

What is the difference between financial and managerial accounting ?

Business
1 answer:
horrorfan [7]3 years ago
8 0

Answer:

Financial accounting refer to the financial statement while, managerial is more focus into internal reports

In details, the most difference are as follows:

Aggregation.

Financing reports on the complete firm. While Managerial; at product, division or customer level.

Proven information.

Financing require certain criteria to ensure precision. It need to prove correct to third parties. While Managerial uses budget, forecast and estimated values.

Reporting focus.

Financial accounting is oriented toward outside

Managerial accounting analysis stays within a company.

Legislation:

Financial accounting faces the GAAP, IFRS and heavy legislation.

Managerial accounting doesn't

Time period.

Financial accounting has a historical orientation their reports are resumes of past transactions and operations.

Managerial accounting has a future orientation.

Timing.

Financial Statement are done at end of an accounting period.

Managerial accounting issues on demand of the board or supervisor.

You might be interested in
Select two ways of becoming a business owner. compare the advantages and disadvantages and decide which of the two you would pre
ankoles [38]
1. Start your own business; your independent but usual the business will fail
2. Take over a family-owned business - might not get alone with your family but you would be working with people your comfortable with  
 
i really hope this helps 
8 0
3 years ago
Read 2 more answers
__________ is a market failure that the government might seek to change through intervention
hammer [34]

Answer: A positive externality, negative externality and asymmetric information

Explanation:

A market failure is one of the type of economical situation in which the  the various types of products and the services are distributions in an inefficient manner.

A positive externality, negative externality and an asymmetric information are the market failure that the government wants to change by the process of intervention

Externality is one of the type of advantage or cost that basically affect the third party in the economics so the free market under consuming the various types of products. Therefore, the given answer is correct.  

5 0
3 years ago
Suppose a company earns a profit this year and has a dividend payout ratio of one half. What does this mean?
algol [13]

Answer:

C

Explanation:

The dividend payout ratio is the ratio of dividends paid to shareholders in proportion to net income

Payout ratio = dividends / net income

If dividend payout ratio of one half, it means that only half of net income is paid as dividends

7 0
3 years ago
A production system uses kanban cards to control production and movement of parts. one work center uses an average of 40 pieces
Kobotan [32]
Given:
D = 40 pcs /hour
T = 36/60 = 0.60 hours
X = 0.20 
C = 10

Find the value of N.

N = DT (1 + X) / C 
N = [40/hr * 0.60 hr (1 + 0.20)] / 10
N = [24 (1.20)] / 10
N = 28.8 / 10
N = 2.88 or 3

3 containers should be used to support the operation.
8 0
3 years ago
Read 2 more answers
Venus Inc., a producer of high-end computer software, provides merchandising aids to its distributors in the form of interactive
Tanya [424]

Answer: push marketing strategy

Explanation:

A Push Marketing Strategy can sometimes be referred to as the push promotional strategy, and this occurs when businesses take their products to the customers.

In this strategy, different marketing techniques are used by the company to push their products to the consumers. This can be seen in the question given as Venus Inc. is utilizing different methods in order to accelerate the sale of its new product.

6 0
3 years ago
Other questions:
  • Bill Bonecrusher graduates from college with a choice of playing professional football at $2 million a year or coaching for $50,
    6·1 answer
  • Social class is a strong predictor of purchases that have symbolic aspects, but low to moderate prices. What is the best example
    10·1 answer
  • How will the consultant's advice help make a change in the environment in the scenario below: A farmer has practiced burning fie
    6·1 answer
  • Plunder Inc. accepted a six-month noninterest-bearing note for $2,800 on January 1, 2018. The note was accepted as payment of a
    7·1 answer
  • Other than fees, what is a drawback (negative) to having credit?
    10·2 answers
  • A writer who is researching a state agency's transition from paper-based reports to electronic reports has scheduled an intervie
    12·1 answer
  • Employees should keep their cell phones on them at all times because they may have time to talk with friends and family througho
    14·1 answer
  • A security with a level of systematic risk that is the same as that of the market has a beta that is
    8·1 answer
  • The assembly line at the ice cream production facility used to have 20 workers. It now has 10 employees and 10 robots to do the
    8·1 answer
  • How are credit unions different than banks?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!