(Solved):Q: Explain how mana…

 

Question

Question

Explain how management accounting should not fit the straitjacket of financial accounting.

 

EXPERT ANSWER

Step 1

Definition:

Management accounting is concerned with the financial and non-financial data that help the managers in decision-making process whereas financial accounting is concerned primarily with the financial data related to an organization.

Step 2

Financial accounting focuses on the preparation

Scroll to top