ACCA考试F2科目第一章第三讲：Financial accounting versus Management accounting，财务会计和管理会计对比。

 

1.Primaryfunctions of financial accounting

Classifies and records actual transactions in monetaryterms in accordance with established principles, accounting standards and legalrequirements.

Presents a fair view of the effect of thosetransactions over a period of time and at the end of that time throughfinancial reporting.

 

2.Primaryfunctions of management accounting

Provides management withfinancial and non-financial information to assist them in planning, controllingand making decisions.

Financialaccounting and management accounting may share some information.

 

3.Primaryfunctions of cost accounting

Prepares standard and budgeted costs,and conducts variance analysis.

Collects actual cost data and applies costs to costobjects.

Cost accounting is part of management accounting.

 

Exercise:

 

Which of thefollowing is not correct?

A.Costaccounting can be used for inventory valuation to meet the requirements ofinternal reporting only.

B.Managementaccounting provides appropriate information for decision making, planning,control and performance evaluation.

C.Routineinformation can be used for both short-term and long-run decisions.

D.Financialaccounting information can be used for internal reporting purposes.

 

Answer: A.

解析：成本数据也可以用于对外报告，例如用完全成本计价的存货就是资产负债表的一项.