There is no overlap between the two accounting streams management and financial accounting.Graduate Attribute: Problem Solving

Question

Quizplus · Accepted Answer

There is overlap between management and financial accounting in terms of their basic principles and concepts, such as recording financial transactions, preparing financial statements, and analyzing financial data. However, the focus and purpose of each stream may differ, with management accounting being more geared towards internal decision-making and financial accounting being more focused on external reporting and compliance.

There Is No Overlap Between the Two Accounting Streams Management