Financial accounting looks behind, whilst management accounting looks ahead. To what extent does this quotation accurately reflect

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‘Financial accounting looks behind, whilst management accounting looks ahead.’ To what extent does this quotation accurately reflect the role of the two branches of accountancy?

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Frank Woods Business Accounting Volume 2

ISBN: 9780273693109

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 10, 2023 06:05 AM

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Financial accounting looks behind, whilst management accounting looks ahead. To what extent does this quotation accurately reflect

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The quotation Financial accounting looks behind whilst management accounting looks ahead provides a succinct summary of the primary focus of these two ...View the full answer

Frank Woods Business Accounting Volume 2

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