Resemblances and Differences between Financial Accounting and Management Accounting

Lucia Popa-Paliu and Ionela-Claudia Godeanu
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Lucia Popa-Paliu: “Constantin Brâncuşi” University of Tg.-Jiu, Romania
Ionela-Claudia Godeanu: “Constantin Brâncuşi” University of Tg.-Jiu, Romania
Authors registered in the RePEc Author Service: Lucia Popa Paliu

Annals of the University of Petrosani, Economics, 2007, vol. 7, 283-288

Abstract: In order to achieve the objectives set by the economic organization, there are required both knowledge and observation of the patrimony situation and of the global financial result, as a synthesis of one's own activity and the external relationships with other patrimonial units and with different public institutions, as well as knowledge, control and analysis of internal activities, of exploitation activities, in consequence of the various operations of movement and transformation that the patrimonial elements are subject to inside the respective unit. Corresponding to these two components of economical and financial activity of the company, two categories of concerns appeared and developed in accounting as well: Financial Accounting and Management (Managerial) Accounting. Virtually, there are not two types of accounting, but two forms of application of the same technique that propose to provide different information (financial accounting - for external users, management accounting - for internal users).

Keywords: financial accountin; management accounting; budgets; allocated resources; output (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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