Management/Financial Accounting

Apr 03, 2008 3 Replies
C

I am currently completing a dissertation on the topic "Is Management Accounting Subserviant to Financial Accounting?" and I was wondering if there is anyone in a position to point me in the direction of some useful information, online or otherwise. I was also wondering if any accountancy/finance professionals would have a inside insight into their views of the financial accounting/ management accounting "battle" and how it has changed over the last 15 years,



Any insight would be greatly appreciated feel free to email me at: chrism_scotland2002 AT yahoo.co.uk



Thanks



Chris


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T

Management Accounting is impromptu accounting which is done in a way that suits that management, usually regardless of common sense and always regardless of legality

Financial Accounting is done in a way that is acceptable to the tax authorities.

How can one be subservient to the the other - is "chalk" subservient to "cheese"?

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A

... or Companies House or some stock exchange, etc., as the case may be.

Financial accounting is needed to stay legal and compliant while management accounting is needed to stay profitable and solvent. Superior and subservient will depend on your views on the relative importance of those.

Tony

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N

Can you help by first telling us what research you have carried out/what literature you have already reviewed? For example, IIRC there was work on your very topic reported in 1997 in one of the British academic journals but IANAA and not an academic so don't have online access to such things.

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