This document outlines the differences between financial accounting and managerial accounting. Financial accounting provides external users like shareholders and lenders with financial statements. Managerial accounting provides information for internal decision makers like officers and managers. Both serve different user groups, with financial accounting focusing on external reporting and managerial accounting focusing on internal decision making.

1. Prof. S.N.Gaikwad
Vice Chairman
Prof.S.R. Tajane
Faculty Member

3. External Users
•Lenders
•Investors
•Governments
•Consumer Groups
•ExternalAuditors
•Customers
•Managers
•Officers
•Internal Auditors
•Sales Staff
•Employees
•Owners
Internal Users

4. Financial accounting provides
external users with financial
statements (shareholders, lenders,
etc.).
Internal Users
Managerial accounting provides
information needs for internal
decision makers (officers,
managers, etc.).
External Users