Management  Accounting（管理会计）：Management accounting, also called managerial  accounting,are the field of study within accounting  that is devoted to information needed  by the management of the company, as opposed to  financial accounting to external parties. Topics covered include cost behavior, product costing for manufacturers, budgeting, amounts needed for decision making, transfer pricing,capital budgeting, etc.

Financial  Accounting(财务会计）: Financial accounting refers to the accounting associated with the preparation of the main financial statements, income statement, balance sheet,statement of cash flows, statement of retained earnings, statement of stockholders ’equity.