Compare and Contrast Managerial Accounting and Financial Accounting. Be sure to discuss how managerial accounting is useful for providing information for at least one of the following management functions: planning, directing, controlling.
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is concerned with providing information to stockholders, creditors, and others
who are outside an organization. Managerial accounting provides the essential
data with which organizations are actually run
information presented by managerial accountants is often used by managers to
forecast and plan
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