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Unformatted text preview: Managerial and Financial Accounting Comparison Managerial Accounting Financial Accounting Users Internal managers Creditors, investors, analysts, and other external users Guidelines for preparation Flexible GAAPrigid Purpose Decision making and control information General information for credit and investment decisions Frequency of preparation As needed Annually and quarterly Independent opinion None required Auditor's opinionopinion Type of information Specific to project or management actionmay be detailed and include estimates General purposevery few estimates...
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.
- Spring '09
- Financial Accounting