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Main differences between financial and managerial accounting

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What are some main differences between financial and managerial accounting? How do these differences affect the type of information that must be gathered and reported?

What are the differences between job cost and process cost systems? When would it be appropriate to use each type of system?

What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why?

Reference no: EM131038981

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