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What are the differences between financial and managerial accounting? Why does financial accounting have to comply with GAAP but managerial doesnt? What types of decisions can be made using financial accounting information? What types of decisions can be made using managerial accounting? There are numerous differences between financial and managerial accounting. The primary function of financial accounting is to record certain financial transactions in order to evaluate a companys [financial] position. Managerial accounting is primarily executed to offer management with required d

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