ACC206PrincipalsofAccountingITWeek2JournalACC206PrincipalsofAccountingITWeek2JournalQuestion:Whiletherearemanyinstancesofoverlapbetweenfinancialaccountingandmanagementaccounting,eachgroup’sprimaryfocusisdifferent.ReviewtheInstituteofManagementAccounting’s(IMA)website,specificallythe“AboutIMA”andthe“ResourcesandPublications”sectionsofthewebsite.Areyousurprisedbythetopicsthatmanagementaccountantsarefocusingon?Whyorwhynot?Whatinterestsyoumore,financialaccountingormanagementaccounting?Answer:I’mhonestlynotsurprisedatall.Ittakesallsortsofaccountantstoworkinthedifferentfields,especiallynow.Andwiththeamountofexperiencethatittakesaswellasthepridetheyhavefortheiraccountants,showsthattheystrivetobeagreatcompany.Whatinterestsmeisthatitstatesthat80%oftheiraccountantsworkforabusinessororganization(internally)insteadofexternalwork.Icanseehowitisumportantforthemtobeinsideofabusinessororganizationbutitcouldalsosavethecompanymoneytohavetheiraccountantsworkfromhome.Financialaccountingusuallycoversanentire—StudyXYACC206 Principals of Accounting II Week 2 Journal
A journal assignment focusing on advanced principles of accounting and their practical applications.
Jacob Anderson
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