Explain the difference between managerial and financial accounting.
Answer to relevant QuestionsDescribe the characteristics and qualities that you think are required by a “good” accountant.Pinwana Ltd. is a successful software developer located in Ottawa. The company is owned by Melanie Pinwana. Is the government of Canada a stakeholder in Pinwana Ltd.? Explain.Which entities must follow ASPE and IFRS? Why would an entity that isn’t required to follow ASPE or IFRS do so? If an entity doesn’t follow ASPE or IFRS, how would it prepare its financial statements?You meet a stranger on a street corner in Vancouver. She asks you for instructions on the best way to get from Vancouver to Montreal. What would you tell her?A chain of donut shops claims to have the world’s best coffee. Do you believe the claim? Explain. How would one go about determining whether the chain had the world’s best coffee?
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