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Accounting: a method of providing information about the position and…

- - - - Financial Accounting
        
        External users
        
        Decision-making
        
        Shareholders
        Lenders
        Government
        Suppliers
        Customers
        Competitors
        Analysts/advisors
        Public
        
        Stewardship
        
        Prepared on periodic basis
        
        Based on past events, transactions and historic data
        
        Comprised primarily of financial information
        
        Governed by rules and regulations
      - Management Accounting
        
        Internal users
        
        Communication
        
        Evaluation
        
        Management
        Employees
        
        Monitor and Control
        
        Prepared frequently, depending on the business
        
        Likely to include non-financial information
        
        Likely to include information concerning the future
        
        Not regulated