Sign In
Not register? Register Now!
Essay Available:
Pages:
1 page/≈275 words
Sources:
1 Source
Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Financial Accounting vs. Managerial Accounting (Essay Sample)

Instructions:

Explain the difference between financial accounting and managerial accounting. Provide at least one practical example of each for your own healthcare organization or a healthcare organization in your community of interest to you.

source..
Content:


Financial Accounting vs. Managerial Accounting
Name
Institution
Financial Accounting vs. Managerial Accounting
Financial accounting and managerial accounting are both critical business processes. On its part, financial accounting is used to denote the accounting and financial statements that are offered to external users. These external users are people such as investors, financial institutions and healthcare regulators. Within the healthcare organization, financial accounting helps in presenting a clear image of the monetary position of the organization. Financial accounting involves mostly bringing in outside auditors to examine the company records in order to present an accurate image of the organization. In the healthcare organization where I work, we receive a lot of donor money which we have to account for at the end of each financial year. At the end of each financial year, we bring in an external auditor to review...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

You Might Also Like Other Topics Related to body image:

  • Positive Image of Nursing?
    Description: In our community, nursing is viewed as a strict profession that demands responsibilities because it is about patient satisfaction...
    1 page/≈275 words | 3 Sources | APA | Health, Medicine, Nursing | Essay |
  • Gallery Review Research Paper
    Description: Lovers of art could not have failed or purposed to follow the Los Angeles exhibition of 7 May 2015 (Fahey/Klein Gallery, 2015)...
    2 pages/≈550 words | 1 Source | APA | Literature & Language | Research Paper |
  • Witch Hunts Essay
    Description: In one of the most revered moments in the history of America, the red scare was a critical event. ...
    1 page/≈275 words | 1 Source | APA | History | Essay |
Need a Plagiarism Free Essay?
Submit your instructions!