Financial accounting is the field of accounting that is concerned with the preparation of all the financial statements of the business.  Every business aims to create the maximum value for their shareholders and for the business itself. It is best achieved when there  is a method for the management and directors to monitor the business. … Read More

What is management accounting? Management Accounting is the process of preparing management reports and accounts. The aim is to provide accurate and timely financial and statistical data that is required by the managers of the organisation to make day-to-day and short-term decisions. How is management accounting implemented? Management accounting extends to the following three areas:… Read More