Question: Both financial and managerial accounting rely on the same underlying financial data but there are major differences. Managerial Accounting Emphasizes financial consequences of past activities

Both financial and managerial accounting rely on the same underlying financial data but there are major differences. Managerial Accounting
Emphasizes financial consequences of past activities
Emphasizes relevance
Emphasizes precision
12 Must follow IFRS
Both financial and managerial accounting rely on

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