Financial management, financial and management accounting. 2 / 2

The relationship between financial management, financial and management accounting

Financial Management

  • Looks at long term raising of finance and the control of resources.

Financial accounting

  • Gives information about past events generally. 

    It is required legally and is determined by accounting standards.

    Looks at the business as a whole

Management accounting

  • Provides information for day to day decisions generally, to aid management. 

    No strict rules or format. 

    Can focus on specific areas of business

We use cookies to help make our website better. We'll assume you're OK with this if you continue. You can change your Cookie Settings any time.

Cookie SettingsAccept