Question: Question 8 ( 1 0 points ) Both financial and managerial accounting rely on the same underlying financial data but there are major differences. Managerial

Question 8(10 points)
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 precision.
emphasizes relevance.
must follow IFRS.
Question 8(10 points) Both financial and managerial accounting rely on the

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