MANAGERIAL ACCOUNTING VS FINANCIAL ACCOUNTING IN THE KNOWLEDGE SOCIETY
MANAGERIAL ACCOUNTING VS FINANCIAL ACCOUNTING IN THE KNOWLEDGE SOCIETY

Summary/Abstract: The knowledge society requires companies to take decisions based on rigorous information. The data which, in fact, lead to the adoption of certain decisions are provided by accounting. The determination and delineation of the importance and of the role of both managerial accounting and financial accounting is the approach of this paper work. The knowledge society gives a different conception on how information is structured so that to enable managers to quickly visualize the situation in the organization, to understand and to decide on an informed basis.

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