Comparison of Financial and Managerial Accounting

Financial accounting refers to accounting and oversight of the companies have completed a comprehensive system of campaign funds, that the external economic stakes of investors, creditors and the government departments concerned and enterprises to provide economic information of the financial position and profitability as the main target carry out economic activities. Financial Accounting is an important foundation work of modern enterprises, through a series of accounting procedures, provided useful information for decision-making, and actively participate in management decisions, improve the economic efficiency of enterprises, service in the healthy and orderly development of the market economy. Management accounting, also known as "internal report accounting", it means: to present and future campaign funds, to enhance economic efficiency for the purpose of internal managers provide the scientific basis for management decision-making as the goal of economic management activities.
Popular financial accounting is the total company accounting processes, cost accounting is the part of management accounting is a financial accounting calculation based on future projections of the company.

In economic management, accounting work is an important part of one is closely linked to the effective operation of economic and accounting work. Comparison of management accounting and financial accounting for the study of accounting work in-depth research and analysis.
Overview of management accounting and financial accounting
Management Accounting Management Accounting refers to the conditions of market economy, to strengthen management within the organization, organize the best value for money as the ultimate goal, to organize business activities and value of performance as an object through the financial aspects information on deep-processing and re-use, in order to achieve the accounting branch of the process of economic forecasting, decision-making, planning and control