Assignment Instructions Write a750 - 1250 word paper on the following topic: Compare and contrast...

Question

Assignment Instructions

Write a750
- 1250
word paper
on the following topic:

Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational and financial performance.

Your paper must be formatted according to APA 6th edition guidelines, and you need to use at least
three external references.

Note that your attached paper will automatically be submitted to Turnitin, and an Originality Report should be sent back to the classroom within around 15 minutes. The Originality report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited.
A report with a similarity index less than 25% is acceptable for undergraduate level work.

Yourpaper will be evaluated according to theWriting AssignmentGrading Rubric
shown below. To maximize your grade, be sure to use the proper organization (intro, body, conclusion) and follow APA style. Your paper should have a title page and reference page, but you do not need an abstract for this assignment. See the PowerPoint presentation attached for APA assistance.

week-8-reading-mgmt495-jhbqrzqb.docx

Khushboo · Accepted Answer

ACCOUNTING
ACCOUNTING		6
FROM: 
DATE: 
SUBJECT: ACCOUNTING
Financial accounting and management accounting are closely related but there is clear difference in the financial accounting and managerial accounting. The main difference in both the accounting is the users or the audience. Financial accounting is mainly related with the standards involved to record all the transactions of the entity and it aims at presenting the financial information to the internal as well as outsider stakeholders of the entity such as employees, managers, creditors, suppliers and regulators of the entity (Sean Ross 2019). The financial information of the entity is generally presented as the financial statement of the entity to the various users which consists of balance sheet, profit and loss and cash flow statement of the entity.
Management accounting is also known as cost accounting is not a necessary requirement of the law but it is usually practiced to help the managers in taking the various business decisions which will have effect on the future profit earning capacity and cash flow of the entity. The managerial accountant generally performs wider analysis as compared to financial accountant as it includes the analysis of the income generated by the various products or the different segments of the entity and it also includes the analysis of the effect on the profit due to the changing in the cost structure of the entity. It also includes analysis of the effect on the wealth of the owner of the entity invested in the project by determining net present value, profitability index and many more (Shpak, Scott. 2018).  Further the managerial accounting is unique to the entity and thus there is no standard format or any reporting principle for managerial accounting. This is generally reviewed by the internal auditors whereas financial information are reviewed by the external auditors.

Assignment Instructions Write a 750 - 1250 word paper on the following topic: Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial...

Assignment Instructions

Answer To: Assignment Instructions Write a 750 - 1250 word paper on the following topic: Compare and contrast...

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