Asked • 03/14/19

Is there a difference between managerial accounting and financial accounting?

In many universities and schools, there is both a Managerial Accounting and a Financial Accounting course. From what I can gather, Financial Accounting covers accounting from an perspective of an investor, while Managerial Accounting covers accounting from the perspective of a business manager. Is there really a difference, or is the distinction more of a subjective standpoint?

2 Answers By Expert Tutors

By:

Jennifer K. answered • 03/14/19

Tutor
4.8 (46)

CPA with Masters of Accounting

Betty K. answered • 04/16/19

Tutor
New to Wyzant

Accountant, passed CPA exam, big 4 experience

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