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Unformatted text preview: vi. Teams with people from production 1. Marketing, engineering, etc. vii. Aid in making critical strategic decisions 2. Comparing Managerial and Financial Accounting a. Similarities i. Both managerial and financial accounting deal with economic events of a business – 1. Thus, interests overlap ii. Both require that economic events be quantified and communicated to interested parties – 1. Determining unit cost is part of managerial accounting, 2. Reporting cost of goods manufactured is a part of financial accounting b. Differences i....
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This note was uploaded on 04/10/2008 for the course AC 12 taught by Professor Caster during the Spring '08 term at Fairfield.
- Spring '08
- Managerial Accounting