Relationship between financial management, financial and management accounting

》Management accountants provide internally used information.
》Financial accountants provide externally used information.
》Financial management needs to consider information both from management accounts and financial accounts.

	Financial accounting	Management accounting
User	External user	Internal （Management）
Information	highly summarized	highly detailed
Frequency	Annually	Any time required
Mandatory	Y	N
Content	Historic picture of past performance	Historical and future planning
Format	Determined by law and accounting standards	Required by management, no strict rules

Back：Merger 25%
Next：Financial management environment-Macroeconomic Policy