In the Chart Below, List the Three Main Differences Between

question 42

Essay

In the chart below, list the three main differences between managerial accounting and financial accounting.
$\begin{array}{|l|l|l|}\hline & \text { Managerial Accounting } & \text { Financial Accounting } \\\hline \text { Source: } & & \\\hline & & \\\hline \text { Purpose: } & & \\\hline & & \\\hline \text { Outcome: } & & \\\hline & & \\\hline\end{array}$

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Definitions:

Active Perception

Perception that occurs because you seek out specific information through intentional observation and questioning.

Negative Feedback

Information or responses that indicate a deviation from a desired outcome or standard, used constructively to guide improvement.

Selective Exposure

Tendency to put ourselves in situations that reinforce our attitudes, beliefs, values, or behaviors.

Situational Control

The ability of an individual or group to influence the outcome of events or behaviors in a specific context.