Accounting has its two branches; managerial accounting and financial accounting. Managerial accounting is done to serve the analytical needs of the management and financial accounting is done for the regular recording of business transactions. To indicate: the importance of managerial accounting for business majors and their future careers.

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Chapter P, Problem P.5Q

To determine

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Accounting has its two branches; managerial accounting and financial accounting. Managerial accounting is done to serve the analytical needs of the management and financial accounting is done for the regular recording of business transactions.

To indicate: the importance of managerial accounting for business majors and their future careers.

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