Finance Discussion
Compare and contrast financial accounting and managerial accounting by answering the following questions in the matrix provided. Cite any sources you use in accordance with APA guidelines.
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Term or Concept
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Financial Accounting
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Managerial Accounting
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What is the primary purpose of the accounting system?
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What are the types of reports produced?
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Who are the primary users?
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What portion of the company is the primary focus?
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What time periods are included?
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Are there any requirements for the standards of report presentation?
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If accounting were your career choice, which of the two would you choose?
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