Study Notes
Accounting: Comparing Financial & Management Accounts
- Level:
- AS, A-Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 22 Mar 2021
There are two broad types of accounting information:
• Financial Accounts: geared toward external users of accounting information
• Management Accounts: aimed more at internal users of accounting information
Although there is a difference in the type of information presented in financial and management accounts, the underlying objective is the same - to satisfy the information needs of the user.
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