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Explain what is the financial accounting and management

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Reference no: EM132383141

Prepare a writing of 800 to 1,100 words consisting of two parts:

Part A: Explain what is the financial accounting and management or management accounting. Discuss the uses of each and the differences between them.

Part B: Explain what is the difference between accrual basis accounting and cash basis accounting. Indicate which method is accepted by the general principles of accounting ("GAAP") and why.

Reference no: EM132383141

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