Between Financial and Managerial/Cost Accounting, which do you think is more ethically challenged? Why?
Oluwatobiloba AdenolaLevel 2
Between Financial and Managerial/Cost Accounting, which do you think is more ethically challenged? Why?
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Financial accounting is more ethically challenged because its information is distributed and used by both internal & external users as opposed to managerial accounting which is used only for internal purpose. Therefore, the impact to external parties is much greater with financial accounting because this information is used by outsiders to make decisions and thus any error/unethical reporting practice will impact their decisions.