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Managerial accounting vs. financial accounting
Managerial and financial accounting differ in many aspects.
Requirement
1. For each of the following, indicate whether the statement relates to managerial accounting (MA) or financial accounting (FA):
a. Helps investors make investment decisions.
b. Provides detailed reports on parts of the company.
c. Helps in planning and controlling operations.
d. Reports must follow generally accepted accounting principles (GAAP).
e. Reports audited annually by independent certified public accountants.
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