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Define how managerial accounting differs from financial accounting. Be sure to address the diverse users of...

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Accounting

Define how managerial accounting differs from financialaccounting. Be sure to address the diverse users of managerial andof financial accounting and provide examples of how at least fiveusers would utilize accounting information.

Illustrate how managerial accounting information assistsmanagers in performing the roles of planning, directing, andcontrolling by providing an example of each.

Briefly explain how the Sarbanes-Oxley Act (SOX) affectsmanagement accountants specifically, and answer this question: Inyour opinion, is SOX enough to deter unethical accounting practicesinternally? Be specific and support your opinion with academicresearch.

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3.7 Ratings (460 Votes)
Difference between Financial Mangerial accounting Basis Financial Accounting Management Accounting 1 Users Internal and external Generalpurpose financial statements can be used by external and internal users However they are prepared primarily for external users such as the investors lenders and creditors and the government Internal The reports prepared in managerial accounting are strictly for use by internal users ie the management 2    See Answer
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Define how managerial accounting differs from financialaccounting. Be sure to address the diverse users of managerial andof financial accounting and provide examples of how at least fiveusers would utilize accounting information.Illustrate how managerial accounting information assistsmanagers in performing the roles of planning, directing, andcontrolling by providing an example of each.Briefly explain how the Sarbanes-Oxley Act (SOX) affectsmanagement accountants specifically, and answer this question: Inyour opinion, is SOX enough to deter unethical accounting practicesinternally? Be specific and support your opinion with academicresearch.

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