management accounting Flashcards
management accounting users
internal mangement
financial accounting users
external shareholders
management accounting format
no set format
financial accounting format
income statement, cash flow statement, SOFP
management accounting frequency
management decide
financial accounting frequency
annually
management accounting time focus
past/present/future
financial accounting time focus
past
what is management accounting regulated by?
unregulated
what is financial accounting regulated by?
companies act 2006 & international financial reporting standards
management accounting coverage
micro level- e.g debt or product
financial accounting coverage
macro level- whole organisation
management accounting emphasis
speed
financial accounting emphasis
accuracy
management accounting criteria
applicable to management decisions
