FINANCIAL vs MANAGERIAL Accounting

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In this Accounting Tutorial we explore the SIMILARITIES and DIFFERENCES between Managerial Accounting and Financial Accounting. Up until now, the topics that I’ve covered in the ‘Accounting Basics’ playlist have tended to fall within the realm of Financial Accounting. However, Accounting is much bigger than just Financial Accounting. You can think of it as a tree with many branches… and another of these branches is Management Accounting.

But what is Management Accounting? And how is it different to Financial Accounting? All will become clear in this video.

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