Discuss Different Between Management Accounting & Financial Accounting. Can You Help?
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Management Accounting is defined as use of accounting information by managers in an organization. This provides them with basic information to make informed business decisions.
On the other hand, financial Accounting is defined as a fIeld of accountancy. It is related to the preparation of financial statements for proper decision making by different entities. It reduces the principal and agent problem. It also measures agent's performance.
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