tag:blogger.com,1999:blog-30907628999077721772011-11-27T16:49:14.759-08:00mELodYsEasonshttp://www.blogger.com/profile/08997399609599986765noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-3090762899907772177.post-71616612198884212332008-10-24T06:05:00.000-07:002008-10-24T06:42:39.959-07:00The essential characteristics of accounting are:<br />1. Identification, measurement and communication of financial information about<br />2. Economic entities to<br />3. Interested parties.<br /><br />Financial accounting is the process that cultiminates in the preparation of financial reports on the enterprise as a whole for use by both internal and external parties.<br /><br />Users of these financial reports include investors,creditors, managers, union and government agencies.<br /><span class="fullpost"><br />In contrast, managerial accounting is the process of identifying, measuring, analyzing, and communicating financial information needed by management to plan, evaluate and control an organization's operations.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/3090762899907772177-7161661219888421233?l=principle-accounting.blogspot.com' alt='' /></div>mELodYsEasonshttp://www.blogger.com/profile/08997399609599986765noreply@blogger.com0