Identify some of the major differences between the fields of financial and managerial accounting? ...

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Identify some of the major differences between the fields of financial and managerial accounting?

Compare and contrast these differences in terms of usefulness to managers for decision making?
How do organisations cope with managers who have little knowledge of accounting?

Not: - this question are consist of three (3) parts please cover all these questions in this assignment in order to my requirements too
Need about 500 words.
My requirements.

It is most important to use my attached articleas one reference.
Pleasechoose real companies to discuss.
Please don’t use more thanone websiteon reference.
Need at least3-4 Reference.
Please useHarvard style.
Free of plagiarismbecause my university using a very strike program in check called (TURNITIN) and its accurate.
Harvard style should be like this ((author name)( year) then( title of article) then (title of journals in Italic) then (volume number) then (part number) or issue number finally (pages number)..

Please use in assignment the following:-

Introduction.(defined the main terms).
Body. (Discussion).
Conclusion.(summarize the main points).

005_ufgfpk-3fynpujk.docx

Robert · Accepted Answer

Differences between Financial Accounting & Managerial Accounting 
Financial Accounting can be defined as the reporting of the financial position or 
condition of a company by using the financial statements which are issued to the external users 
on regular or periodic basis. Under financial accounting, the transactions are recorded, classified, 
summarized and shown in the form of a financial report or financial statement like income 
statement, balance sheet or cash flow statement. The aim of financial reporting is not to report 
the valuation of the company to the readers of the financial statements, but to provide them with 
the sufficient information so as to assess the value themselves. (Kieso, 2009, pg. 6) 
The Managerial Accounting can be defined as the method of identifying, measuring, 
analyzing, interpreting and communicating the information for the achievement of the goals of 
the company. It basically helps in the strategic management.

Identify some of the major differences between the fields of financial and managerial accounting? Compare and contrast these differences in terms of usefulness to managers for decision making? How do...

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