In this module, the discussion focuses on the differences between financial and managerial accounting. Besides simply reciting differences, you should also be able to articulate a rationale for at least some of the important differences.

There are numerous differences between financial accounting and managerial accounting. Describe what you think are the most important differences and articulate what is the critical reason regarding why those differences exist. In particular, discuss why it may not be as important to protect users of managerial accounting information, compared with users of financial accounting information.