Question: What are two key ways management accounting is different from financial accounting? Management accounting provides special-purpose information to people external to the firm and it

What are two key ways management accounting is different from financial accounting? Management accounting provides special-purpose information to people external to the firm and it is highly regulated. Management accounting provides information for the day-to-day running of an organisation and it is governed by the requirements of ASIC. Management accounting is focused on providing information to shareholders who wish to have input into the management of the organisation and it is regulated by general

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