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In: Accounting

write comparison between managerial accounting and financial accounting

write comparison between managerial accounting and financial accounting

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Expert Solution

Financial accounting refers to the aggregation of accounting information into financial statement.

Managerial accounting refers to the internal processes used to account for business transactions.

There are a number of differences between financial and managerial accounting, which fall into the following categories:

ekkarill92 answered 2 years ago
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