WEEK 8 Management Accounting and Financial accounting Presented

  • Slides: 8
Download presentation
WEEK 8 Management Accounting and Financial accounting Presented By: Gagarin, Tricia Jane C. Zamora,

WEEK 8 Management Accounting and Financial accounting Presented By: Gagarin, Tricia Jane C. Zamora, Marie Stephanie T.

Management Accounting Involves the development and interpreting of accounting information intended specifically to aid

Management Accounting Involves the development and interpreting of accounting information intended specifically to aid management in running the business. Financial Accounting Refers to information describing the financial resources, obligations and activities of economic entity. (either an organization or an individual. )

The Role of Management Accounting Collecting Recording Reporting Financial Data Budgeting

The Role of Management Accounting Collecting Recording Reporting Financial Data Budgeting

Users of Management Accounting Sales Manager Production Manager Sales Management Employees

Users of Management Accounting Sales Manager Production Manager Sales Management Employees

Management Accounting Financial statement Financial Statement Detailed reports One accounting period Internal Users

Management Accounting Financial statement Financial Statement Detailed reports One accounting period Internal Users External Users

Difference between External and Internal User of Accounting Information External Users • Potential Investors

Difference between External and Internal User of Accounting Information External Users • Potential Investors • Creditors • Government • Research Scholar Internal Users • Owner/s • Accountants • Managers • Auditors

Line and Staff Function Line function are those which have direct responsibility for accomplishing

Line and Staff Function Line function are those which have direct responsibility for accomplishing the objectives of the enterprise. Staff refers to those elements of the organization that help the line to work most effectively in accomplishing the primary objectives of an enterprise.

Financial Management Accounting Financial Management Accounting Financial ManagementFinancial Management Accounting Financial Management Accounting Financial Management
Financial reporting financial accounting Financial reporting financial accountingFinancial reporting financial accounting Financial reporting financial accounting
Intermediate Financial Accounting I Financial Accounting and AccountingIntermediate Financial Accounting I Financial Accounting and Accounting
Management Accounting Costing Management Accounting Management Accounting CostsManagement Accounting Costing Management Accounting Management Accounting Costs
FINANCIAL MANAGEMENT Definition of financial management Financial managementFINANCIAL MANAGEMENT Definition of financial management Financial management
Financial Management Financial Management Financial Management is broadlyFinancial Management Financial Management Financial Management is broadly
1 Financial Accounting and Accounting Standards Intermediate Accounting1 Financial Accounting and Accounting Standards Intermediate Accounting