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Examen
Sophia Tutorial Accounting in Practice,
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---6octubre 20232023/2024A+
- 1. Managerial vs. Financial Accounting 
Managerial accounting is a branch of accounting that is focused on internal reporting to assist internal 
management with decisions, structure, and goals. 
Financial accounting accounting, on the other hand, is a branch of accounting that is focused on external reporting of 
financial status to provide information to decision makers and interested parties. 
Now, what is the common thread between managerial and financial accounting? Well, they both provide ...
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