Page 16 - BA2 Integrated Workbook STUDENT 2018
P. 16
Chapter 1
3.2 Management accounting compared to financial accounting
The main role of financial accounting is to produce statutory financial statements,
whereas management accountants provide any information needed by management.
Financial accounting Management accounting
ion ion
Users External Internal
ion
Statutory At discretion of
Law
ion requirement management
Role Produce statutory Provide information
ion accounts for management
Governance Many rules and No rules or
ion regulations regulations
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