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When one examines the distinctive and different functions of financial and management accounting, it is...

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Accounting

When one examines the distinctive and different functions of financial and management accounting, it is obvious that to maximise the usefulness of the information derived, two systems of accounting are necessary. It does not matter how large or small the entity is, it is just common sense that one system cannot do the job. (An assertion made by a recent management graduate.) Evaluate this assertion.

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