ACCT2320 - 1.1

A field of accounting that provides
economic and financial information for
managers and other internal users

Two types of accounting:

done anually or quarterly

• financial accounting

• managerial accounting

done monthly or weekly, more often

• financial accounting

• managerial accounting

Users: Internal

• financial accounting

• managerial accounting

Users: External

• financial accounting

• managerial accounting

Users: shareholders, creditors, and regulators

• financial accounting

• managerial accounting

Users: officers and managers

• financial accounting

• managerial accounting

Time focus: historical

• financial accounting

• managerial accounting

Time focus: future

• financial accounting

• managerial accounting