Analyze this discussion post. The difference between financial and managerial accounting is mainly in its purpose and audience. Financial accounting focuses on recording and reporting past financial transactions. It gives standardized, general purpose financial statements, such as balance sheets, income statements, and cash flow statements, which help both internal and external users determine a health care organization's financial stability and compliance. Managerial accounting focuses mainly on the future. It creates detailed, specialized reports for internal managers that helps guide planning, budgeting, forecasting, and performance improvement. Financial accounting serves different decision-making groups both inside and outside of the organization. Managerial accounting provides specific information for internal users to improve operational and strategic decision making (Cleverly & Cleverly, 2018). In the healthcare delivery system, five accounting principles make up the foundation of accurate and transparent financial reporting. These principles include account entity, money measurement, duality, cost evaluation, and stable monetary unit. The accounting entity principle makes sure that each organization is treated as a separate financial unit, preventing confusion between institutional and personal transactions or finances. Money measurement requires only quantifiable financial information are recorded, allowing hospitals to keep track of measurable costs such as salaries, supplies, and utilities. Duality refers to