Article Summary The article by Halbouni and Hassan (2012) that is titled “The Domination of Financial Accounting on Managerial Accounting Information: An Empirical Investigation in the UAE” is devoted to the topic of the relationship between financial accounting (FA) and managerial accounting (MA). The authors describe the theoretical debate around this issue to determine the position of their paper. The primary goal of the authors is to explore the relationship between FA and MA as perceived by the UAE accountants. The specifics of the UAE business environment that the authors mentioned include the usage of IFRS and the rapid evolution in an outward-oriented system. The authors review prior literature (the debate over the topic that is described below). They pay particular attention to the claim of MA dependence and FA dominance. They point out that the results are not positive for MA: its orientation grows short-term, which makes it less suitable for making decisions. The authors also point out that a number of empirical studies found no proof for this claim, but it is still rather persistent. The research of Halbouni and Hassan (2012) includes the results of a 29-question survey based on the study by Joseph et al. and distributed among 126 UAE companies in 2009. The survey was meant to determine the opinion of managerial and financial accountants on the issue of FA dominance; the usable number of questionnaires amounted to 89. Apart from that, the authors analyzed the context of the UAE business to define the influence that it exerts on the development and tendencies in the UAE accounting. They conclude that this context is more favorable towards FA, even though MA is also being developed. The results of the survey indicated that the majority of the respondents appear to consider MA to be influenced by the requirements set for the FA. They also described earnings per share as the most important information for both internal and external accounting. Apart from that, they show that the influence of external auditors on the business is also significant. The respondents do not consider it to be a negative factor, though. At the same time, 56% of respondents tend to believe that MA is the primary source of managerial decisions. Besides, the majority of respondents (55%) tended to agree that MA fits the needs of management decision-making. The authors point out that the context of UAE (where FA importance is highlighted) could contribute to the perception of FA domination in the UAE. The authors conclude by the suggestion that future research should focus on the mutual influence of the two accounting types. Main Keywords The main keywords of the topic are, obviously, managerial (management) and financial accounting. The article is intended for a prepared reader, and the authors do not spell out these definitions. According to Heisinger (2008), FA is the type of accounting that focuses on “providing historical financial information to external users” (p. 7). This definition highlights the main differences between FA and MA: the latter is meant for internal users to facilitate the managerial decisions. The rest of the features of the phenomena result from this discrepancy of purpose. In fact, the two types of accounting can also be called internal and external, which describes their nature. Theoretical Debate Halbouni and Hassan (2012) refer to the theoretical debate that has been revolving around the topic. They point out that MA ha