[DontQuestionMeFool]

State the differences. I would be grateful for any links to any sites or detailed answers, otherwise refrain from answering. Thanks.

[tiggerbeeuk]

I'd say management accounting is more detailed, focusing on budgets and actuals being the right value in the right place.

Financial management is using those figures and others - cash, debtors, creditors etc - to make managerial decisions about the business.

[infomercialscams]

Financial Management is of two types :

• Managerial Finance : the branch of finance that concerns itself with the managerial significance of finance techniques
• Corporate Finance : an area of finance dealing with the corporate financial decisions

Management accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions....

[Laaksonen]

Financial accounting reports are prepared for the use of external parties such as shareholders and creditors, whereas managerial accounting reports are prepared for managers inside the organization.

This contrast in basic orientation results in a number of major differences between financial and managerial accounting, even though both financial and managerial accounting often rely on the same underlying financial data. In addition to the to the differences in who the reports are prepared for, financial and managerial accounting also differ in their emphasis between the past and the future, in the type of data provided to users, and in several other ways.

[Gwendolyne]

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.