Discuss one difference between the types of cost information needed for external reporting and the information...

Discuss one difference between the types of cost information needed for external reporting and the information useful to the nurse manager

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-Managerial accounting delivers info apprehensive with the everyday processes of a professional.

-This data energies the internal organization of a corporation’s finances, commercial processes, and policy. It also aids to classify difficulties inside these zones and notifies organization of conceivable explanations.

-Managerial accounting includes present and upcoming growths, market predictions, and tendencies in a changeable commercial setting.

-Financial accounting pathways a business’s financial dealings and expenditures. It does so to accumulate monetary declarations for delivery to external shareholders, counting equity receptacles, creditors, and controllers.

-If the corporation’s standard or pledges are openly operated, these monetary declarations are also then made accessible to the community.

-Today’s managers seek economics specialists who comprehend the relations amid the budget and financial arcades; specialists who are skillful at predicting possible influences and judgement reserves for supreme reappearance.

Nightingale answered 1 year ago

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