To prepare for this Discussion, “Shared Practice: Financial vs. Managerial Accounting,” take a moment to think about the implications of these two kinds of accounting. Post the following: Describe one or two examples of decisions that could be made using the information provided by financial accounting. Provide specific examples and explain how decisions are improved when the information is used accurately. Then, explain the risks of not having the information when making such decisions. Your examples should be real world, specific situations from your experience, observations, and research. Describe one or two examples of decisions that could be made using the information provided by managerial accounting. Provide specific examples and explain how decisions are improved when the information is used accurately. Then, explain the risks of not having the information when making such decisions. Your examples should be real world, specific situations from your experience, observations, and research.

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Financial Accounting Verses Managerial Accounting Financial accounting information helps in making various decisions by the different stakeholders of the financial information Investing decisions and ... View the full answer