FA, CA, and MA are abbreviations for three types of accounting: financial accounting (FA), cost accounting (CA), and management accounting (MA).  Financial accounting prepares financial statements used by stakeholders outside the company, such as investors, creditors, and regulators. These statements - including the income statement, balance sheet, and cash flow statement - are prepared according to specific rules or accounting standards (such as GAAP or IFRS). FA focuses on providing a broad view of a company's financial health. Cost accounting  focuses on capturing a company's total costs of production. It aids decision-making by allowing a company to evaluate, control, and reduce costs. Management accounting, also known as managerial accounting, includes the practices and techniques used to provide financial data to an organization's management team, helping them make informed business decisions and plan for the future. It's primarily used internally and focuses on past transactions and forecasts and analysis for decision-making. Management accounting encompasses many aspects of accounting, including cost accounting, and is not regulated by standard accounting frameworks like GAAP or IFRS.