While there are many instances of overlap between financial

While there are many instances of overlap between financial accounting and management accounting, each group’s primary focus is different. Review the Institute of Management Accounting’s (IMA) website, specifically the “About IMA” and the “Resources and Publications” sections of the website. Are you surprised by the topics that management accountants are focusing on? Why or why not? What interests you more, financial accounting or management accounting?

Suppose to be in the form of a journal please

Solution

Hi,

The topics that management accountants are focusing on are pretty okay compared to the managerial finance course offered today. Managerial finance deals with information that are used by management to plan and evaluate its resources. In a nutshell, information that it provides is used within an organization, by managers and employees. On the other hand financial accounting provides information which is used by the people outside the organization. IMA provides various resources such as Management Accounting Quarterly, Strategic Finance magazine; IMA Educational Case Journal and Research Studies to help the accounting professionals better manage their organization, and enhance their career