Unformatted text preview: ost of collecting it.
• No required format (with some exceptions) – different
approaches can be used depending on the particular decision a
• Primarily uses data related to current costs or estimates of
• Prepared mainly for internal users in making marketing,
production, investment decisions 2 Financial vs. Managerial Accounting
• Internal Users – managers
at all level
ll • External Users –
• GAAP, Law, Audit. A rigid
process • Flexible, not audited.
Based on Theory/lo...
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