Question: Conceptual framework and financial reportinga. Explain the difference between financial accounting and managerial accountingb. List 4 users of financial statements and explain how they use

Conceptual framework and financial reportinga. Explain the difference between financial accounting and managerial accountingb. List 4 users of financial statements and explain how they use the financial informationc. Describe the objective of financial reportingd. List and explain the qualitative characteristics of financial statementse. List the elements of financial statements

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