Accountancy, asked by vinyvibhav2695, 1 year ago

Difference between financial accounting and management accounting

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Answered by sarthakshree
0

Hey mate here is your answer

Managerial accountingfrequently deals with estimates, rather than proven and verifiable facts. Reporting focus. ... Financial accountingmust comply with variousaccounting standards, whereas managerial accounting does not have to comply with any standards when information is compiled for internal consumption. Systems.

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