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asked 11 months ago
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Managerial accountants provide reports for management to use in decision making while financial accounts provide information for outsiders' use such as stockholders, creditors, tax regulators, security agents etc. Managerial accounts do not follow a set of ground rules they proviide reports by segments while financial accounts provide provide reports based on past financial transactions or historical data; managerial accounts prepare reports for future use .
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answered 10 months ago
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