You have been asked to discuss the role of the financial accountants' and managerial accountants' functions in organizations and some of their job responsibilities at the new employees' orientation. What are some of the differences between the two and the type of reports they may each use?
You have been asked to discuss financial and managerial accounting at the new employees' orientation. In 750-1000 words, discuss the following topics:
What are the differences between financial and managerial accounting?
Describe the types of reporting used by financial and managerial accounting?