Describe the major differences between managerial accounting and financial accounting.
Managerial accounting:
Internally focused
No mandatory rules
Financial and nonfinancial information; subjective information possible
Emphasis on the future
Internal evaluation and decisions based on very detailed information
Broad,multidisciplinary

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The Answer of Describe the major differences between managerial accounting and financial accounting.
Managerial accounting:
Internally focused
No mandatory rules
Financial and nonfinancial information; subjective information possible
Emphasis on the future
Internal evaluation and decisions based on very detailed information
Broad,multidisciplinary

Describe the Major Differences Between Managerial Accounting and Financial Accounting