FINANCIAL vs MANAGERIAL Accounting

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In this Accounting Tutorial we explore the SIMILARITIES and DIFFERENCES between Managerial Accounting and Financial Accounting. Up until now, the topics that I've covered in the 'Accounting Basics' playlist have tended to fall within the realm of Financial Accounting. However, Accounting is much bigger than just Financial Accounting. You can think of it as a tree with many branches... and another of these branches is Management Accounting.

But what is Management Accounting? And how is it different to Financial Accounting? All will become clear in this video.

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💬 Comments
Author

I would like to say. this channel is the main reason accounting went from an "oh no" to an "OH YES!" Simple, logical and fun. thank you, you legend!.

Author — Chris Smith

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I'm incredibly impressed that you have made Accounting entertaining.

Author — James Trebilcock

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OMG!! Why the teachers can't teach just like himmm! I love him. I mean how he explains!! Thank you so much!

Author — Erika Miranda Gil

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More managerial accounting tutorials! That's exactly what I need! Thank you so much for your videos. The quality is spot on!

Author — Andrée-M D'Aoust-Messier

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hey man great video, I love how often you are uploading, definitely keep at it this is probably the most visually appealing and entertaining channel about accounting i have seen

Author — Jeronimo Mejia

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I just started doing accounts and this channel is making my work a whole lot easier. Thank you for making accounts fun and easy to understand

Author — Gracious M'hango

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I know you wanna work on the fundamentals before tackling more advanced topics, so I would suggest inventory valuation, (IFRS) revenue recognition, bond amortization, gains and losses (realized and/or unrealized).

Thanks for all the good work, keep making quality content and more of us will come.

Author — Arexsis

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This is super helpful. I really love how you break down subjects with clear explanations and use clean visuals to get across the most important information! I'm taking an online accounting class with the only resource being a digital textbook, and this way is infinitely easier to learn. You're the bomb bro!

Author — Matt

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This is all fun untill you go to an ACCA exam, and everything flies away

Author — Gahima Herve

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arifin manchestera attığı golü ararken Burak Hocam sayesinde bu faydalı videoya geldim. thanks burak hocam i love you <3

Author — Hasan Gürkan Bozkır

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I'm really loving all these videos! I recently began work at a company that implements FP&A software for mid to large size companies (it's really cool work, I think you would find it interesting). I'm still finishing my BS in accounting, so it's been a learn as you go kind of thing. Your easy to follow teachings have been incredibly helpful, thank you so much!

Author — Jodie Farrell

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Thank you so much! Now I know what's really the focus of my program. I'm currently taking BS Management Accounting here in the Philippines btw. I'm planning to take CIMA exam soon and hopefully ace it.

Author — Jerico Paler

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I just started a Corporate Finance class today and your video was a great introduction to our first topic: Financial Management. Thank you!

Author — Amy Rodriguez

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Just an awesome analysis. James, I really appreciate your explanations. You are very gifted at telling an accounting/financial stories. Thank you! A calming channel.

Author — Julios on 50th

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Can you create in-depth videos for each of the types of accounting you listed in this video (tax, audit, managerial, forensic) as well as any others that may exist? These videos are so helpful and I have learned so much! Thank you!!

Author — Josi McMorrow

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That you did an excellent job explaining the two concepts is an understatement. Keep up the good work!

Author — Msms Sed

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you should be named the YOUTUBE LEGEND of accounting! keep up this fantastic, amazing work, my dude :)

Author — fratboyfaith

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My Video Requests Are :)

1. Explaining About Audit

2. Discussing About The Future of Accounting (Relative To Blockchain Technology)

3. Deceiving In Accounting

Author — Faizan Khan

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My 'Financial Management for Small Businesses' course seems to rely heavily on your videos. Thank you for making them.

Author — Mira's Miraculous Ladybug Fanfiction

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As someone who’s had long career in both disciplines I’d say you explained it very well.

Author — rob