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Financial accounting definition

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Financial Accounting? Financial accounting is the practice of recording and aggregating financial transactions into financial statements. Management accounting reports are only intended for internal use.

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Management accounting definition

Accounting Tools

Related Courses Capital Budgeting New Controller Guidebook Project Accounting What is Management Accounting? Management accounting is a branch of accounting that focuses on the revenues and expenses of a business, as well as asset usage. Management accounting does not just result in variance reports.

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Certified Management Accountant definition

Accounting Tools

Related Courses Accounting Best Practices New Controller Guidebook What is a Certified Management Accountant? A certified management accountant (CMA) is a person who has successfully passed the CMA examination and fulfilled the associated experience requirements.

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Types of accounting

Accounting Tools

Related Courses Bookkeeping Guidebook CFO Guidebook New Controller Guidebook What are the Types of Accounting? There are several types of accounting that range from auditing to the preparation of tax returns. Accountants tend to specialize in one of these fields, which leads to the different career tracks noted below.

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What is accountancy?

Accounting Tools

Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization. The key accountancy tasks are noted below.

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Types of accounting functions

Accounting Tools

Related Courses Bookkeeping Guidebook CFO Guidebook New Controller Guidebook There are several types of functions fulfilled by the accounting department within a business. These accounting functions are noted below. They can also advise management in regard to the setting of prices. What is Accountancy?

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The difference between financial and managerial accounting

Accounting Tools

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook Most accounting tasks can be divided into financial accounting and managerial accounting. There are a number of differences between financial and managerial accounting, which are noted below.