The difference and connection between management accounting and financial management Seeking guidanc

Answer: Differences: Different functions Management accounting focuses on the future, decision-making and planning, and the assessment and evaluation of the current control, which belongs to the management accounting; Financial accounting focuses on accounting and supervision, and belongs to accounting accounting; Different service targets Management accounting is internal reporting accounting; Financial accounting belongs to external reporting accounting;

The constraints are different. Management accounting is not subject to accounting standards and accounting systems, and there is great flexibility in the treatment methods; Financial accounting is subject to accounting standards and accounting systems, and the treatment methods can only be selected within the permitted range, with less flexibility; Different reporting periods Management accounting is future-oriented, decision-making, and the preparation of its reports is not limited by the accounting period; Financial accounting is oriented to the past accounting and supervision, and reports are prepared according to the prescribed accounting period; The main body of accounting is different The main body of management accounting is multi-level; Financial accounting is based on enterprises; Different Calculation Methods Management accounting makes extensive use of modern mathematical methods and computer technology; Financial accounting mostly uses general mathematical methods; 7. Different degrees of information accuracy The information provided by management accounting can generally only be relatively accurate; Financial accounting provides information that strives to be precise and the numbers must be balanced; Different measures Management accounting can use both monetary and non-monetary measures; Financial accounting, on the other hand, is almost entirely measured using currency.

Accounting is the measurement and reporting of economic operations, and financial management is based on accounting, emphasizing the use of funds in business activities, fund-raising activities, investment activities, and distribution activities. One looks at the past, the other looks at the future, one re-records, and the other re-analyzes.

In a narrow sense, financial management is ex-ante, such as some planning and management of fund-raising and investment, accounting is post-event accounting and bookkeeping, accounting is basic, and financial management is in-depth. For example, in a company, the general accountant does the work of accounting and bookkeeping, and only the middle and senior management of the management do the work of financial management.

Broadly speaking, financial management is a part of accounting. For example, in the university discipline, financial management is a part of the accounting department, and the things learned are similar to accounting, all of which are financial management and accounting, but the courses of financial management are more financial management, and there are more financial management studies, accounting studies, and accounting things.

In terms of the job, accounting is the foundation, no accounting how to manage, financial management is to rise to a certain position will be used, but it does not mean that accounting can not go to the management position, for people who want to make a difference in this area, the foundation is to learn accounting, the accounts will be done, and then the knowledge of financial management should also be learned, because to do the management, these knowledge is also essential.

Financial management is a broad concept, which can cover the basic business and decision-making management of accounting: management accounting is the relationship between enterprise managers and costs within the enterprise: in short, financial management can be a profession, and management accounting can be a course, which is the most superficial understanding.

Broadly speaking, financial management is a part of accounting. For example, in the university discipline, financial management is a part of the accounting department, and the things learned are similar to accounting, all of which are financial management and accounting, but the courses of financial management are more financial management, and there are more financial management studies, accounting studies, and accounting things.

In terms of the job, accounting is the foundation, no accounting how to manage, financial management is to rise to a certain position will be used, but it does not mean that accounting can not go to the management position, for people who want to make a difference in this area, the foundation is to learn accounting, the accounts will be done, and then the knowledge of financial management should also be learned, because to do the management, these knowledge is also essential.

It can also be said that financial management is a kind of management, management accounting is a branch of accounting, the focus of the two is different, financial management is more discussed, and management accounting methods and calculations are more.

Hope that helps!

The differences and connections between management accounting and financial management are as follows:

1. The main purpose is different. Management accounting is mainly the study of how to use accounting information to create value for economic organizations, while financial management mainly studies how to optimize the financial activities of economic organizations and maximize the benefits of financial activities.

2. The content is different. There is a clear difference between the content of management accounting and financial management. For example, standard cost formulation, cost difference analysis, cost and profit analysis method are different from financial management, such as financing management, investment management, daily capital management, profit distribution management, etc.

3. The object is different. The object of management accounting is mainly the information needed for business management, what information is needed, and what information is provided. The object of financial management is mainly the financial relationship formed by funds and capital movements.

The significance of the integration of financial management and management accounting is as follows:

Financial management and management accounting are in harmony, and we should use a variety of modern and advanced management toolbox methods, and at the same time, put an end to the idea of looking at the text or sticking to prejudices, and grasp the importance of the combination of financial management and management accounting from the perspective of development as a whole.

Only by comprehensively improving the overall strategic execution of the enterprise can we effectively guide the brand development direction of the enterprise and ensure that the enterprise is invincible in the fierce competition in the same industry.