Question: QUESTION TWO Write explanatory notes on the following concepts of management accounting: Differences between management accounting and financial accounting Differences between marginal costing and absorption

QUESTION TWO

Write explanatory notes on the following concepts of management accounting:

  1. Differences between management accounting and financial accounting
  2. Differences between marginal costing and absorption costing
  3. Importance of Management Accounting in modern business management
  4. Determinants of a firms pricing policy [20 Marks]

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