Complete the Following Table to Compare and Contrast Financial and Managerial

question 53

Essay

Complete the following table to compare and contrast financial and managerial accounting. $$\begin{array} { | l | l | l | } \hline \text { Characteristic } & \text { Finsecial Accomaning } & \text { Managerial Acceunting } \\\hline \text { Users } & & \\\hline \text { Level of aggegation } & & \\\hline \text { Regulation } & & \\\hline \text { Characteristics of information } & & \\\hline \text { Time horizon } & & \\\hline \text { Reportang frequency } & & \\\hline\end{array}$$

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Definitions:

Tax Advantages

Financial benefits that reduce tax liability, often used by individuals and businesses to minimize taxes paid and maximize financial situations.

Benefit Corporation

A type of for-profit corporate entity, recognized by some states, that includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.

Material Positive Impact

A substantial and beneficial effect on the success, performance, or value of a business, project, or situation.

Articles Of Incorporation

A document filed with a state by the founders of a corporation that outlines its purpose, place of business, and other details of its operations.