Accounting

Accounting Accounting Project BAC 3AA Accounting Profile My interview with accountant of Robin Hood Multifoods Inc. was one of the best interviews I have ever experienced. What I interviewed was Jeff R. Scott. Jeff was a very nice person when I asked him. Because the accountant is truly organized, his desk is not organized as I thought. The reason is that he just upgraded from the assistant controller to the controller. The answer that I got back to me when I asked him more and more questions was very interesting.

There are two basic categories of accounting: financial accounting and management accounting. Financial accounting deals with information disclosed to shareholders, customers, creditors and regulators. In management accounting, we handle information that is not publicly available, such as wages, profits, manufacturing costs. The purpose of management accounting is to help the company administrator and supervisor make financial decisions. The purpose of financial accounting is to provide important financial information on the company to people outside the company. For most SME owners, "accounting" is management accounting

The field of management accounting, often referred to as management accounting or corporate accounting, includes the financial and accounting tasks necessary for the operation of the business. Administrative accountants are responsible for ensuring that companies and business partners are able to assist in the internal financial process guidance, expenses, sales, expenses, budget monitoring, auditing, identification of past trends, forecasting of future needs, I work in the organization. Management accountants are often confused with financial accountants, both of which offer valuable services to organizations, but the two roles are very different. In management accounting, we generate a report mainly to complete the task and inform the company leader about the financial decisions related to the company's general operations. The main focus of financial accounting is to notify external groups such as banks, board of directors, shareholders, tax authorities about the company's financial situation.

Management accounting is very different from financial accounting. The financial information recorded by the management accountant is primarily for internal use, but the financial accountant records information used by external parties. Compared with financial accounting, management accounting does not comply with generally accepted accounting principles. Reports created by management accountants include reports of actual, budget, and cost. The report usually focuses on specific parts of the organization, such as product lines and departments. The Financial Accounting Officer records information on the preparation of financial statements. The main purpose of the financial statements is to display the financial situation of the entire company.