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What is Managerial Accounting and How Does it Differ from Financial Accounting?


So what’s managerial accounting, and why is it crucial for small business owners? Managerial accounting is…. How managerial accounting looks at data. What managerial accounting focuses on. Major tasks of managerial accounting. Financial accounting vs. managerial accounting. Contents: 1.

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Poll: How important are journal entries for introductory financial accounting?

Wendy Tietz

I am working on developing a new project for introductory financial accounting and I am trying to decide whether to include journal entries as part of the project, or to focus on understanding and the use of the information. The project I am working on would apply to several topics within introductory financial accounting, […]


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New! Word Search Puzzle to Review PP&E and More in Financial Accounting

Wendy Tietz

Below are links to a word search puzzle to review Property, Plant & Equipment and Intangible Assets in financial accounting. Both links are to the same puzzle, but one has a solution button enabled and the other does not.

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Supreme Court To Analyze Report of Foreign Bank and Financial Accounts Penalties


The IRS requires FinCEN Report 114, Report of Foreign Bank and Financial Accounts (FBAR), to be filed annually by every U.S. person that has ownership of, a financial interest in, or signature or other authority over a financial account or accounts in a foreign country with an aggregate value in excess of $10,000.

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Financial Accounting Standards Advisory Council Meeting Recap

CPA Practice

The Financial Accounting Standards Advisory Council ( FASAC ) held its quarterly meeting on Tuesday, March 7, 2023. The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities. Council members discussed the following topics.

article thumbnail and Urban Assembly to Bring Financial Accounting to New York City High Schools

CPA Practice, Urban Assembly, and New York City Public Schools are announcing a groundbreaking collaboration aimed at expanding access to financial accounting education for high school students in the New York area.

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Financial vs Tax Accounting


Some responsibilities of tax accountants include: Preparing federal and state income taxes Calculating and filing property taxes, sales taxes, and licenses Preparing and filing 1099 forms Assisting with tax audits or legal disputes The second type of accounting is financial accounting.