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What is Differences Between Managerial and Financial Accounting about?

The document discusses the key differences between managerial accounting and financial accounting. Managerial accounting focuses on interpreting financial information for internal use in decision making, while financial accounting adheres to accounting standards to prepare standardized external reports for shareholders. Managerial accounting analyzes operations to improve profitability, while financial accounting objectively reports past financial performance. Managerial reports are more frequent and future

Author

gift lungu

Language

EN