What is the different between financial management & Management Accounting?

My next semester, i am planning to intake one of accounting course which are "Financial management" or "Mangement Accounting" can anybody explain career scope %26amp; study are of those two subject therefore, i can make my mind to choose one of it.|||Managerial accounting is used primarily by those within a company or organization. Reports can be generated for any period of time such as daily, weekly or monthly. Reports are considered to be "future looking" and have forecasting value to those within the company.








Financial accounting is used primarily by those outside of a company or organization. Financial reports are usually created for a set period of time, such as a fiscal year or period. Financial reports are historically factual and have predictive value to those who wish to make financial decisions or investments in a company. Management Accounting is the branch of Accounting that deals primarily with confidential financial reports for the exclusive use of top management within an organization. These reports are prepared utilizing scientific and statistical methods to arrive at certain monetary values which are then used for decision making. Such reports may include:








* Sales Forecasting reports


* Budget analysis and comparative analysis


* Feasibility studies


* Merger and consolidation reports








Financial Accounting, on the other hand, concentrates on the production of financial reports, including the basic reporting requirements of profitability, liquidity, solvency and stability. Reports of this nature can be accessed by internal and external users such as the shareholders, the banks and the creditors.|||I found a good text that compare these two. I give you the link http://www.expertcontabilbucur鈥?/a> because the text it is too big. You have a link in the footer for the blog, good luck!

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