1-1 Disc – Managerial Accounting and Financial Accounting

  1. Describe the differences between managerial and financial accounting.
  2. Describe the differences as they relate to the users of the information, the purpose of the information, and the time frame (past or present).
  3. a.  Discuss whether financial and managerial follow the same rules (GAAP) and

    b.  how the scope of the information can be different.






Nobles, T. L., Mattison, B. L., Matsumura, E. M. (2014). Horngren’s financial and managerial accounting (4thed.). Upper Saddle River, NJ: Pearson Education, Inc.