define and discuss the major differences between financial and managerial accounting compare and contrast accrual basis accounting with cash basis accounting how does a healthcare organization determine which method to use describe the format and information contained in the balance sheet describe the format and information contained in the statement of operations how is the statement of cash flows organized and why is it an important consideration when making financial decisions?

Answer rating: 100% (QA)

Financial vs Managerial Accounting Purpose Financial accounting is concerned with reporting financial information to external parties such as investors creditors and regulatory authorities focusing on ... View the full answer