Reports generated through managerial accounting are only circulated internally. And makes financial statements Financial Statements Financial statements are written reports prepared by a companys. Compare Managerial And Financial Accounting Google Search Accounting Education Accounting Accounting And Finance The basic objective of financial statements is to present in clear cut terms and numbers financial position performance in the past and changes in financial positions of a. . The article presents the difference between cost accounting and financial accounting in tabular form. The difference between finance and accounting is that accounting focuses on the day-to-day flow of money in and out of a company or institution whereas finance is a broader term for the management of assets and liabilities and the planning of future growth. Learn more about the difference between accounting and auditing here. These include the bus