Source: Stock Photos Accountants (Retrieved 16 Feb 2017)
https://goo.gl/images/FyGwBv
Management accounts are prepared for internal use by managers of the organisation.
(CPA Australia, 2012)
Financial accounts are prepared for individuals external to an organisation: for example shareholders, customers, suppliers, regulatory authorities, employees.
(CPA Australia, 2012)
Source: CPA Australia - Foundation Level - Management Accounting (2012) Page 7 (Retrieved 16 Feb 2017)
https://www.cpaaustralia.com.au/documents/study-manual-management-accounting.pdf
Financial Reporting for Business
This program explores the content and format of the three key accounting reports: The cash flow statement, Profit and Loss Statement and Balance Sheet. Insights are provided from real business owners / managers about how these reports are used within the business for analysis and decision making.
VEA Splash (Retrieved on 16 Feb, 2017)
https://clickv.ie/w/g9Qg