2007-12-24 21:47:19 · 9 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment ➔ Financial Services
Actually both are very interesting !!
The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities, while managerial accounting is for internal decision making and does not have to follow any rules issued by standard-setting bodies . Hence management accounting will be more easy to handle !!
2007-12-28 05:07:10 · answer #1 · answered by V.T.Venkataram 7 · 0⤊ 0⤋
Neither one is boring. Both are vital and alive subjects used daily by millions of businesses and individuals. Without accounting businesses could not operate. It is not surprising that accounting developed centuries ago. The system we use today was developed in the middle of the 15th century. The fact that it survived to the modern age of computers speaks for its strength, vitality, and benefit to society.
You can find anything boring if it does not interest you. What may be boring to you may be exciting to someone else. Boredom is not caused by a subject. It is caused by the lack of interest or perception in a person. If you are bored by accounting it is your fault, not the fault of accounting.
2007-12-24 23:16:34 · answer #2 · answered by Anonymous · 1⤊ 1⤋
management accounting is on step above financial accounting. Both are inter related. Where financial accounting ends management accounting begins.
2007-12-25 07:50:25 · answer #3 · answered by Prince 4 · 0⤊ 0⤋
they are both quite boring but managerial is much more painful to sit through... financial is more applicable to real life whereas managerial only has a purpose if u are working as a manager in manufacturing
2007-12-25 12:58:34 · answer #4 · answered by banananna 1 · 1⤊ 0⤋
What's boring was the long, long chapters that you have to pull out the information and then it is often not complete or outdated. Why don't they give you the current rules, date them so you can check, and then give examples and practice questions? I only had one small, concise book and that was for auditing. Chug through them. It will be worth it in the long run. I assume you need both. . .
2007-12-24 21:54:27 · answer #5 · answered by towanda 7 · 0⤊ 0⤋
Both are boring if you are not interested.
2007-12-24 22:30:38 · answer #6 · answered by jhong 2 · 0⤊ 0⤋
financial by far....
2007-12-26 07:46:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋
finacial.
2007-12-24 21:50:43 · answer #8 · answered by Smiley 6 · 0⤊ 1⤋
Both are ve...........ry interesting !!!!!!!!!!
2007-12-24 21:56:17 · answer #9 · answered by gs 2 · 0⤊ 0⤋