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differentiate between financial Accounting and management accounting

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Q: Internal and External Reporting Requirements
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In what various ways can and should financial reporting be different from reporting from reporting to management?

Financial (external) reporting produces information used by external users, investors, regulatory authorities, etc. who are concerned with the overall financial situation of the company. External reporting should put a premium on accuracy and understandability. Cost Management (internal) reporting or accounting focuses on analyzing costs and their drivers--for internal purposes such as measuring efficiency or decision making processes. Although accuracy and understandability are still important, internal reporting focuses more on timeliness and relevance.


The minimum requirements for general purpose external financial reporting include what?

Management's Discussion & Analysis (MD&A)


Does the Atlantic salmon have internal or external fertilization?

internal external not internal external not


Is bearded dragons development internal or external?

its internal


What is an external auditors report?

external auditors focus primarily on controls that affect financial reporting. External auditors have a responsibility to report internal control weaknesses (as well as reportable conditions about internal control)


Is a polar bear external or internal?

Is a salmon internal or external?


Are sparrows external or internal fertilisation?

External


What is internal and external sources?

What is internal and external sources?


Is fertilization external or internal in sparrow?

internal


Is the story Eleven an internal or external conflict?

external


Is a keyboard internal or a external devise?

External. Internal devices would be something like a CD Drive, while an external device is a keyboard or mouse for example.


Is a bluegill internal or external?

is a bluegill fish internal or external