2007-10-03 22:36:19 · 6 answers · asked by beauty_daisy1 2 in Business & Finance ➔ Other - Business & Finance
ACCOUNTING INFORMATION
Accounting information can be classified into two categories: financial accounting or public information and managerial accounting or private information. Financial accounting includes information disseminated to parties that are not part of the enterprise proper—stockholders, creditors, customers, suppliers, regulatory commissions, financial analysts, and trade associations—although the information is also of interest to the company's officers and managers. Such information relates to the financial position, liquidity (that is, ability to convert to cash), and profitability of an enterprise.
Managerial accounting deals with cost-profit-volume relationships, efficiency and productivity, planning and control, pricing decisions, capital budgeting, and similar matters. This information is not generally disseminated outside the company. Whereas the general-purpose financial statements of financial accounting are assumed to meet basic information needs of most external users, managerial accounting provides a wide variety of specialized reports for division managers, department heads, project directors, section supervisors, and other managers.
2007-10-04 01:48:26 · answer #1 · answered by Sandy 7 · 1⤊ 0⤋
accounting information
2016-02-13 23:11:15 · answer #2 · answered by Jean 1 · 0⤊ 0⤋
1
2017-02-09 02:12:46 · answer #3 · answered by Eugene 4 · 0⤊ 0⤋
accounting information are information were in the first data that processing under accounting system
2007-10-06 21:27:42 · answer #4 · answered by Dsalah s 3 · 0⤊ 0⤋
The action or process of keeping financial accounts. Simple :)
2016-03-13 06:57:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
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a detailed report of the financial state or transactions of a person or entity
2016-04-01 23:54:30 · answer #6 · answered by Anonymous · 0⤊ 0⤋