00:01
Here is the comparison table between the managerial and financial accounting characters.
00:09
Managerial, financial accounting, the purpose.
00:36
It provides information to managers for internal decision making.
00:45
Managers for internal decision.
00:50
It provides information to external users such as investors and traders about the company's financial performance.
01:08
By its internal users, of the company's financial performance.
01:21
The users, manager execute other decisions within the company.
01:28
Manager execute within the company.
01:43
And investor, creditors, government agencies, investors, creditors.
01:51
Then there is timeliness.
01:58
The information is prepared as needed for internal decision making.
02:03
Information is prepared on a regular basis.
02:07
Information is prepared when needed for internal decision making.
02:22
And it's prepared on a regular basis.
02:30
Regular basis.
02:33
Then is relevance.
02:38
Tailored to the specific needs for manager...