Features of financial accounting or management accounting

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Question: Management Accounting and Financial Accounting Consider the following short descriptions. Indicate whether each of the following descriptions more closely relates to a major feature of financial accounting or management accounting:

1. Field is less sharply defined

2. Provides internal consulting advice to managers

3. Has less flexibility

4. Is characterized by detailed reports

5. Has a future orientation

6. Is constrained by GAAP

7. Behavioral impact is secondary

Reference no: EM131815518

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