BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Managerial accounting involves the presentation of financial information for internal purposes to be used by management in making key business decisions.

Detailed explanation-2: -Financial accounting differs from managerial (or cost) accounting as financial reporting is more for reporting to external parties while cost accounting is more for strategic planning internally.

Detailed explanation-3: -Financial accounting Financial accounting analyses the company’s balance sheet and prepares profit and loss statements that advise management or stakeholders in regards to loans, investments, or acquisitions.

Detailed explanation-4: -Managerial accounting is the practice of using accounting information-from revenues to production inputs and outputs affecting the supply chain-internally, in support of organization-wide efficiency and for tracking the organization’s progress toward attaining its stated goals.

Detailed explanation-5: -Management Accounting: It has the objective of collecting systematically and regularly all such information as will help the management in discharging functions in managerial decision making.