How does the accounting rate of return (ARR) differ from the internal rate of return (IRR)?

Question:

How does the accounting rate of return (ARR) differ from the (IRR)?
Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment...