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Unformatted text preview: analyze a business situation or opportunity for future events. Financial accounting is focused on producing a limited set of specific prescribed annual and quarterly financial statements in accordance with Generally Accepted Accounting Principles, or GAAP. In order to protect public interest, financial accounting is regulated by the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), and the Public Company Accounting Oversight Board (PCAOB). References Bushman, M. (2007, May 07). The Differences Between Financial Accounting and Management Accounting . Retrieved March 27, 2010, from associated content: http://www.associatedcontent.com/article/233154/the_differences_between_financial_acc ounting_pg2.html?cat=3 Garrison, R. H., & Noreen, E. W. (2009). Introduction to Managerial Accounting (Cost or Management Accounting) . Retrieved March 27, 2010, from Accounting for Management: http://www.accountingformanagement.com/...
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- Spring '10
- Managerial Accounting