Difference between financial and Managerial Accounting

As you dive into Week 1 and begin to explore new elements of accounting and the accounting profession, you will find that the world of accounting offers many different types of jobs. Managerial and Financial accounting are just two examples of the many facets of the accounting world. As the world of accounting has changed greatly in the last ten years, there is a new focus on the importance of ethics in all areas of the accounting profession.

Keep these key elements in mind as you explore the Week 1 materials, then address these questions:

1 - What are the key differences between managerial and financial accounting?

2 - How is managerial accounting relevant to you in your future career?

3 - Why has ethical behavior in the area of accounting and finance become so important?

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Answer

Difference between financial and Managerial Accounting

Difference between financial and Managerial Accounting

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