Managerial Accounting and Financial Accounting differ in the following way: 

1. Financial Accounting emphasizes forecasts of future performance. 

2. Financial Accounting summarizes information for the company as a whole. 

3. Financial Accounting is private information for company managers.

4. Financial Accounting emphasizes timeliness over precision.

Answer rating: 100% (QA)

Answer Explanation Managerial accounting is concerned with providing information to managers ie people inside an organization who direct and control its operations In contrast financial accounting is ... View the full answer