Updated : Apr 26, 2019 in Finance Accounting

The Importance of Business Financial Analysis and Management

Planning and Control are the two most important ingredients to a Successful Business. A Business Plan takes most of the guess work out of Business Strategy and Control through solid Financial analysis. Financial Data provides a way to gauge where you are in your Strategic Plan, telling you where changes…

Updated : Mar 30, 2019 in Finance Accounting

Management and Financial Accounting

Accounting is usually seen as having two distinct strands, Management and Financial accounting. Management accounting, which seeks to meet the needs of managers and Financial accounting, which seeks to meet the accounting needs of all of the other users. The differences between the two types of accounting reflect the different…

Updated : Oct 02, 2017 in Finance Accounting

What Is Finance and Management Accounting and How Do They Differ?

Accountant professionals are the ones who perform accounting tasks for a company or an individual. Accountants have a host of duties to perform like some of the accounts may deal in company's financial statements, while others may work closely with organization's management matters related to budgets, analysing the cost of…