Differentiate financial accounting and managerial accounting

Reference no: EM131519180

Question: 1. Explain what it means to say that an accounting class is not the same as a math class.

2. Identify some of the people interested in making decisions about a company.

3. What is the basic difference between financial accounting and managerial accounting?

4. What are the two primary functions of financial accounting?

5. What are the three basic business activities that financial accounting seeks to measure and communicate to external parties? Define each.

Reference no: EM131519180

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