Question

using organizational theory and agency theory discuss the different roles played by financial and management accounting in organizations

Answer 1

Role Played by financial accounting in Organisation

The financial accounting function is responsible for periodically reporting and providing relevent information to stakeholder of a company. . Financial accounting described the amounts suppliers, Details of customers, operating costs, payroll costs and available cash. A company can use financial accounting to analyze significant aspects of your business, such as monthly sales or the reasons for high expenses in a perticular period. At the time of passing loan to a company, All banks relied on your accounting records which was certified by professional,

Role Played by Management accounting in Organisation

The role of management accounting involves providing accounting information to managers within businesses, and are enabling these managers to manage, make Strategic decisions and perform Risk management and control functions.