Explain the Meaning of Financial Accounting, Managerial Accounting and Tax

question 3

Essay

Explain the meaning of financial accounting, managerial accounting and tax accounting. How are these accounting activities related to each other?

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Definitions:

Supportive Leadership

Focuses on subordinate needs, well-being, and promotion of a friendly work climate.

Relations-oriented

Focused on building and maintaining positive interpersonal relationships within a group or organization.

Employee-centered

An approach or management style that prioritizes the well-being, development, and engagement of employees, emphasizing their needs, satisfaction, and contributions.

Participative Leadership

Participative leadership focuses on consulting with subordinates and seeking and taking their suggestions into account before making decisions.