Our focus over the next fifteen weeks will be on managerial accounting

Our focus over the next fifteen weeks will be on managerial accounting

Our focus over the next fifteen weeks will be on managerial accounting. However, there is also financial accounting.

For your discussion board post in week one I would like you to discuss the difference between financial and managerial accounting. Are there any regulations/rules that need to be followed under either method. If so what are they?

REQUIRED READINGS
Please read from Managerial Accounting: Creating Value in a Dynamic Business Environment

Chapter 1 pages 1-27

Chapter 2 pages 34-61

Chapter 1 Powerpoint:

Hilton_11e_Chap001_PPT.ppt

Solution Preview

There are various branches of accounting. These include financial accounting, taxation, auditing, and Managerial accounting, among others. All these branches of accounting enhance both the internal and the external operations in an Organization. This paper seeks to analyze the differences between the two major branches, which are financial and managerial accounting.

(515 words)