Financial Accounting
Reporting of the financial position and performance of a firm through financial statements issued to external users on a periodic basis. Investopedia Says:
The key difference between financial and managerial accounting is that financial accounting is aimed at providing information to parties outside the organization, whereas managerial accounting information is aimed at helping managers within the organization make decisions. Related Terms:
Accounting
Activity Based Budgeting - ABB
Cost Accounting
eXtensive Business Reporting Language - XBRL
Free Cash Flow For The Firm - FCFF
Managerial Accounting
Zero-Based Budgeting - ZBB |