Tag: Financial Accounting

What is the Difference between Bookkeeping and Accounting?

What do you mean by Bookkeeping and Accounting? Book-keeping and accounting are often used interchangeably but they are different from each other. Book-keeping provides the basics of accounting whereas accounting is a broader subject. Accounting includes design of accounting system,…

Difference between Financial Accounting and Management Accounting

Financial Accounting: Financial accounting deals with the business transactions and events for the enterprises as a whole and generates information to persons and authorities other than management such as government, creditors, investors etc. Management Accounting: Management accounting is a branch…