List seven keydifferences between Managerial Accounting and FinancialAccounting.

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9 Sep 2018

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1. a. Explain the difference between Managerial and FinancialAccounting, b. List the users of Managerial and FinancialAccounting information, c. Does Financial and Managerial Accountingreports have to be prepared in accordance with GAAP? Please give adetailed answer.

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How does this statement: âManagerial accounting and financialaccounting work is interrelated and the accountants must worktogether closelyâ relate to accounting concepts? Explain the costflow in a manufacturerâs job order costing system.

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List seven keydifferences between Managerial Accounting and FinancialAccounting.

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