662503
Description
Mind Map by Shahid Musthafa, updated more than 1 year ago
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Created by Shahid Musthafa
almost 11 years ago
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A: Distinction B/W FA
A/c'ing & MA A/c'ing
- Financial
Accounting
- Within 12
Month
Period
- providing information
about historic results of
Past plans and decisions
- External Reporting
- Within 12
Month
Period
- Management
Accounting
- Within 12
Month
Period
- by management
accountants and
financial
managers.
- Internal
Reporting
- concerned with
the detailed
information
- Used
internally
- by management
accountants and
financial managers.
- by management
accountants and
financial managers.
- Used
internally
- concerned with
the detailed
information
- Within 12
Month
Period
- Financial
Management
- Long term based
- Long term raising of
finance
- Allocation of resources
for long term purposes
- includes targets and
objectives of long term
nature
- More Than
12 Month
Period
- Long term raising of
finance
- Long term based
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