managerial and financial accounting

Running Head : Managerial and financial accounting

Name

University

Course

Tutor

Date

Basically , both managerial and financial accounting are used persuasively in the process of organizational management . However managerial accounting is basically used in the managerial process of the organization within the internal management process by the corporate managers . This is to imply that managerial accounting refers to the persuasive process of generating managerial reports that are used by the managers in creating and driving towards a productive outlay HYPERLINK "http /highered .mcgraw-hill .com /sites /81 /student_view0 /chapter1

/chapter_summary .html http /highered .mcgraw-hill .com /sites /81 /student_view0 /chapter1 chapter_summary .html

On the contrary , financial accounting is useful in frontiers and limits that are beyond the outlay of the organization . This is to imply that the information produced through financial accounting is used by various stakeholders in making various investment decisions by the different stakeholders . Managerial accounting is basically referred to as cost accounting . This is because it incorporates the evaluation and application of all those processes that are used in utilizing the corporate resources in the most optimal manner to achieve precepts pf the highest levels of profitability

Managerial accounting is basically used in the process of strategic business management to undertake activities in the most optimal processes that creates the highest benefits to the organization Basically , managerial information is used in making performance and operational decisions by the managers on the internal functionality of the corporation . Managers will therefore make decisions such as the processes of production , methods and tools...