Question: 2 Briefly explain what is meant by the terms managerial accounting and cost accounting. Are the two terms related to one another? Explain. 3 Are

2 Briefly explain what is meant by the terms managerial accounting and cost accounting. Are the two terms related to one another? Explain. 3 Are financial accounting and managerial accounting two entirely separate disci- plines? Explain. 4 Is managerial accounting information de oepted accounting principles or some other set of presaribed standls, veloped in conformity with generally ac- rds? Explain

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