“everydayskills”

EveryDaySkills

EveryDaySkills Friday, May 4, 2012 Introduction to Management Accounting Introduction to Management Accounting What is accounting? Accounting is an information system. It exists to provide information for the end-user. It is possible to distinguish between two branches of accounting. 1 Financial accounting. The purpose of financial accounting is to report the financial performance of the company. It?s main focus is on external reporting to a number of groups viz. Owners