Accounting includes bookkeeping but goes well beyond bookkeeping in scope.
Differentiate between financial and managerial accounting. Financial accounting information is meant primarily for external use, while managerial accounting information is meant for internal use. External users include owners and prospective owners, creditors and lenders, employees and their unions, customers, governmental entities, and the general public. General-purpose financial statements provide most of the information needed by these external users. Internal users include those persons working inside the firm - primarily managers.