IMPACT OF THE PRINCIPLES OF FINANCIAL ACCOUNTING ON THE MANAGEMENT ACCOUNTING

• Main Author: Daniela CREŢU
• Format: Article
• Language: English
• Published: University of Agricultural Sciences and Veterinary Medicine, Bucharest 2014-11-01
• Series: Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
• Subjects: accounting principles; expenditure and income; financial accounting; management accounting; patrimony
• Online Access: http://managementjournal.usamv.ro/pdf/vol3_3/Art11.pdf
• ISSN: 2284-7995; 2285-3952

The paper studied the impact of the financial accounting principles on the management accounting. There are similarities and differences between the financial accounting and management accounting. The differences are numerous, but in the present paper we are more interested in similarities that are very deep. Not accidentally, in other accounting systems, two types of accounting information form one functional, integrated circuit (accounting monism in U.S.A. or accounting systems of compromise between the accounting monism and dualism). Since there is not only one accounting system, but a set of accounting systems, the accounting principles are not absolute, but relative. This relativity is given by the assumed objectives of the accounting.