Describe the Major Differences Between Management Accounting and Financial Accounting

question 182

Essay

Describe the major differences between management accounting and financial accounting for the following:
1. Primary users
2. Focus and emphasis
3. Rules of measurement and reporting

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Definitions:

Trachea

The windpipe, a tube extending from the larynx to the bronchi, conducting air to and from the lungs in humans and other animals.

pH

A scale used to specify the acidity or basicity of an aqueous solution, with lower values being more acidic and higher values more basic.

Sphincters

Circular muscles that control the passage of substances through the openings of the body.

Dentin

A calcified tissue that lies beneath the enamel and cementum of teeth, providing structure and sheltering the pulp.