Tutor profile: Rolando G.
What is the difference between financial and managerial accounting?
Financial accounting is used with the outside investor or external stakeholder in mind. Managerial accounting is practiced with the internal or management team in mind.
Is Accounting a science or an art.
In its purest form Accounting should be all science. I say this because accounting should be practiced from an objective point of view in order to provide the most sincere and thorough information possible.
What is the main purpose of accounting?
Accounting is method or a practice whose main purpose is to capture and present how the main activities of an organization are captured from an economic point of view.
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