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What is the primary purpose of the accounting system are

Finance Discussion

Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines.

Term or Concept	Financial Accounting	Managerial Accounting
What is the primary purpose of the accounting system?
What are the types of reports produced?
Who are the primary users?
What portion of the company is the primary focus?
What time periods are included?
Are there any requirements for the standards of report presentation?
If accounting were your career choice, which of the two would you choose?

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