article thumbnail

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

Snyder

There are three major types of companies : service, merchandising, and manufacturing services. The main difference between them is in the integral parts of the inventory accounts. Previously we’ve discussed management accounting from a broader perspective, but what are the main tasks of this type of accounting?

article thumbnail

The Impact of AI on the Accounting Profession

CPA Practice

For example, you specialize in the manufacturing industry and want to develop a themed content calendar to help drive leads, increase your online credibility (i.e., Cost accounting and inventory management: This includes standard cost systems, activity-based costing, and cost-volume-profit analysis, among others.

account 140