The article that I chose discussed the differences between financial and managerial accounting, as well as what they do. The article covered the rules and regulations of theses two types of accounting based on the GAAP that were established by the FASB.
Financial accounting involves the preparation of a business's financial statements, mainly for users outside the business. Owners, and potential owners of a business use the reports generated. The people who have loaned the company money may also use them. Some government agencies that regulate business and the stock market require compa…
