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Similarities and Differences between Financial and Managerial Accounting

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What are some similarities and differences between financial and managerial accounting? Please provide examples.

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Brief summary of the similarities and differences between financial and managerial accounting

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Similarities/Differences between Financial & Managerial Accounting

The first thing to consider when discussing financial and managerial accounting is for who the reports are generated. The financial reports are generally for external parties - shareholders, creditors, general public, etc., whereas managerial accounting generates reports that are used ...

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