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Managerial and Financial Accounting
ACCT/300: Principles of Accounting
April 9, 2008


Managerial and Financial Accounting
This paper will attempt to differentiate between managerial and financial accounting, the users of managerial and financial accounting and what type of business decisions would be made with the information.
Managerial Accounting
Managerial accounting provides accounting information to managers who are inside an organization and who directs and controls its operations, to help them make decisions to manage the business. For example, it provides information on the costs of an organization’s products and services, which managers can use products cost to guide the setting of selling prices, and use services cost to make inventory valuation and income determination. It provides information on the budgets and performance reports. These reports often consist of comparisons of budgets with actual results. It also provides information on revenues of an......

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Approximate Word Count: 726
Approximate Pages: 3 (250 words per double-spaced page)

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