Discuss at Least Four Differences Between Financial Accounting and Managerial

question 150

Essay

Discuss at least four differences between financial accounting and managerial accounting.

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Definitions:

Federalist

An advocate or supporter of federalism, particularly referring to those who supported the ratification of the U.S. Constitution in the late 18th century.

Bill of Rights

The initial ten amendments to the United States Constitution, guaranteeing fundamental rights and liberties to American citizens.

Antifederalists

Individuals who opposed the ratification of the U.S. Constitution, favoring stronger state governments over a centralized federal government.

Judicial Review

The power of courts to assess whether a law or governmental action is in accordance with the constitution.