The difference between managerial accounting and financial accounting

Post to the Discussion Board your thoughts on the difference between managerial accounting and financial accounting. Your post should include the following:

  • Define and explain the differences and similarities.
  • Review at least 3 criteria for both types of accounting.
  • Be sure to discuss the importance of both of these areas of accounting to a business.
  • Decide which you think you would prefer to pursue as a career if given the choice. Explain why.
  • Explain the difference between mixed, variable, and fixed costs.
  • Define and explain job order costing.
  • Name two types of business where job order costing could be used.
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