What is the difference between financial accounting and management accounting?
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management accounting is concerned with providing internal information for running a company.\n\nfinancial accounting is more for public consumption to convey business results.\n\ntax accounting is, you guessed it, to deal with paying the evil taxes.
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Management Accountant - CMA\nAn accounting designation whose holder has formally demonstrated a mix of expertise in financial accounting and strategic management. This certification expands on financial accounting by adding management skills that help to make strategic business decisions based on financial information.\n\nInvestopedia Says: Entry to a Certified Management Accountant program requires a university degree. The program comprises a series of tests that participants need to pass to receive the designation. This accounting certification program is administered by an accounting association in each country, such as the American Accounting Association in the U.S. and the Canadian Academic Accounting Association in Canada.
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Hi, it depends on whats your field of interest whether to join for CA  or MBA. Its two completly different fields.In CA you are basically learning A to Z of accounting practices.But in MBA you have got choices like marketing, finance or IT.Financially both are good once you get established yourself.But So it depends on your personal interest which one to join.I am also a B.com graduate.Doing MBA now.Presently working in New Zealand as an accountant.Personally  I like MBA more because the nature of the job.Its much more challenging, I feel.So I wud suggest going for MBA finance.All the best
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Creditors use the information in a financial statement to gage the credit worthiness of a business. A financial statement will tell how much money is coming in, how much money is going out and if the business has any assets. A potential investor would look at the same information. A creditor would want to know if there were potential investors and what their credit worthiness is. Labor unions seldom come in to play when it comes to looking at a financial statement. As a rule, unions are considered to be a liability.
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Everything that suitable for business world including marketing, finance, human resource, economics, accounting, management and many more..\n\nIn this case, if you really keen to work as a financial manager or financial analyst, just go for BA(Hons) Commerce or Banking or Finance. You will learn all valuable lessons and tricks to control the flow of money.\n\nIf you're looking a work as an auditor or perhaps an accountant just go for BA(Hons) in Accounting but a degree in Finance also could help. If you've a chance, go for ACCA, CPA or CIMA. Because in business field, only accountant considered as a professional job. But, to be a chartered accountant is not a piece of cake !.\n\nIf you like to meet with people, dare to take risk, willing to try and think for widening business radius, you may go for Marketing, International Business or relevant others.\n\nHuman Resource and Management Sciences also good but for me, if you've a chance to be in better discpline, go for others instead of these two because most of lighter business degree could be learn via online or even night classes.\n\nThe key is in yourself !. Try to relate with your interest and capabilities. You know who you are. You know your strenght and weakness. So, choose the BEST !. May LUCK be yours always...
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Finanacial Accounting is a subject which deals with procedures of recording transactios of financial nature in the books of account, while C.A. (Chartered Accountant) is a professional who inspects the books of accounts and certifies them if feels they are correct and satisfy all legal & statutory requirements. \nAny Company can post its annual reports to the shareholders only & only after its certified by the C.A.\n\nThis is with refrence to the indian subcontinent and may differ with regions.
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Well, I think CA.\n\nWith the boom in corporitisation more and more companies are forming these days and they need expert to manage and audit there accounts. And that requires a CA.\n\nCA's are also getting handsome salary these days. You can also start your own consultancy firm. A new scope for CA's.\n\nWhile management posts are filled by people with good communication skills and wisdom. And that may not require an MBA,
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Financial Statements are comprised of:\n\na) Balance Sheet\nb) Income Statement\nc) Statement of Cash Flows\nd) Notes to the Financial Statements
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MR = money made by selling an extra good\nMC = money it costs to make an extra good\n\nIf MR > MC, then the firm can make extra profit by selling more goods.  If MR < MC, then the firm could make more profit by selling fewer goods.  So, profit is max when MR=MC.
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Big difference, the controller is in charge of all operations, the accounting manager is just in charge of accounting.
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You may wish to consider a degree in  accounting with a  minor in finance (or at least 9 hours in upper level finance courses); or a degree in finance with a minor in accounting (or at least 9 hours in upper level accounting courses).   Both degrees are valuable and marketable in the current business place.
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i believe business is better, business is a big realm and it always gives you the chance to go higher in the hierarchical system. accounting will most probably keep you as an accountant, senior accountant, or chief accounant.
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Financial statements are Profit and Loss, Balance Sheet and Cash Flow. Look their composition in your textbook or wikipedia. Youanalyse themby computing a bunch of ratios, reflecting profitability (profit/sales, /assets), liquidity (Current Assets/Current Liabilities), debt burden (debt/equity, interest leverage) and whatever else.
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did you mean 'accounting management':-\nRecord resource usage and enforce resource usage policy. Accounting Management provides the mechanisms to charge accounts for resource usage and to deny storage resources to overdrawn accounts. Charges may be incurred for the use of any storage system resource, including such typical resources as bytes stored, data transferred, volumes mounted, and desired quality of service.
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Income statements contains information about your revenue and your expenses. When you reduce your revenue with your expenses, you'll get profit or loss. \n\nBalance sheets contains information about your assets, liabilities and capital. Your profits or loss value from the income statement will be incorporated in your capital calculation and make your capital either increasing (profit) or decreasing (loss).\n\nRetained earnings statement is generally used for accounting in corporations, where the owner is more than one. Because the owner is more than one, your income statement value has to be divided for each owner at the last month of your accounting period. To make it not confused with your current income statement which will keep changing at time to time, your income statement value at the last month of the period is transferred to the retained earnings statement.\n\nThe statement of cash flows will calculate the difference between your cash in and cash out. The difference will be considered as the amount of your available cash right now (either in your bank or in your pocket). It will be included in your balance sheets calculation as assets.
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i dont know but you should study english - i study economics not finance. Finance is just more focused, i guess its for people that know exactly what they want to do i.e. a boring accountant.
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The role of an Accountant may include aspects of the following:-\n\n- Tracking company expenses\n- Writing, error checking, analysing financial documents\n- Identifying problems and inefficiencies with the way the business is run\n- Ensure the correct tax is paid\n\nDepending on the job, the accountant may also perform audits of any client companies.\n\nA management accountant works at the cross-company level, looking at budgets, costs, assets, yearly targets, tracking year to date against and highlighting issues and areas that can benefit from streamlining efficiencies.\n\nYou will need a good head for figures and numbers, enjoy analysis, and will need a BA degree.\n\nJob prospects are good for graduates - lots of large firms hire many trainees every year. Training salary is low but once qualified the rewards can be very good.