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:

Quantity Demanded

The sum total of a particular good or service that consumers are inclined and financially equipped to acquire at a determined price range within a given period.

Quantity Supplied

The volume of a commodity or service that producers are prepared and able to supply at a specified price within a certain timeframe.

Equilibrium Price

The price point at which the supply of an item matches the demand for it, resulting in a stable market situation without excess or shortage.

Equilibrium Quantity

The quantity of a good or service at which supply equals demand, resulting in no net surplus or shortage in the market.