Differences between managerial and financial accounting


Project Outline

Chapter 1

  • Role of accounting in society
  • Focus on international issues
  • Recording business events under the accounting equation
  • Preparing financial statements
  • Horizontal financial statement model
  • The effects of Sarbanes-Oxley Act on financial reporting

Chapter 2

  • Differences between managerial and financial accounting
  • Product costing in manufacturing companies
  • Schedule of cost of goods manufactured and sold
  • Just-in time inventory
  • Statement of ethical professional practice
  • Emerging trends in managerial accounting

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Accounting Basics: Differences between managerial and financial accounting
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