Management Accounting and Financial Accounting

Accounting management is the discipline related to used of accounting information by management and internal parties for purposes other product costing, planning, controlling, evaluation, and decision-making. 

The general intructional objectives of this course is expected to evaluate students ang engineer the management accounting that match operating conditions and organizational strategis. Financial accounting is part of the accounting related to the preparation of financial statements for external parties, such as shareholders, creditors, suppliers, and goverment.

The main principle used in fnancial accounting is the accounting equation (Assets = Liability + Equity).Financial accounting records in relation to any transaction for a company or organization and preparation of periodic reports from these recort the result. This report is prepared for the public interest and is usually used to assess the company owner or manager of achievement used as a manager of financial accountability to its shareholders.

This is important from a financial accounting of Financial Accounting Standards (SAK) which are the rules that must be used in the measurement and presentation of financial statements for external purposes. 

Thus, the expected users and compilers of financial reports can be communicated through these financial statements, because they use the same reference of SAK. SAK was began to be applied in Indonesia in 1994, replacing the Accounting Principles prinsi Indonesia in 1984. (Wikipedia)

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