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    role of the financial accounting and managerial accounting

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    Discuss the role of the financial accounting and managerial accounting functions in organizations and some of their job responsibilities. What are some of the differences between the two and the type of reports they may each use?

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    Managerial accountants have a wider responsibilities and broader role than normal accountants who will only prepare each quarter's financial statements to be issued to the company's shareholders.

    The accounting system is used to provide financial statements to interested external users, plan the operations of the organization in both short and ...

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