Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial accounting helps external stakeholders make informed decisions or how manageri

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************ *** ******** *********** *** decision making ******** ********* ********** ***** ** *** ***** of ******** ************ and ********** ********** focus on *** needs ** internal ***** ******** **************** ******** from ********** ********** ** used to **** how ** ************ is actually run *** main focus ** ** the present *** forecasts of ******* and trends *** *** ****** ********* accounting ******* ** ******* data ** provide *** scorecard ** ******* the past *********** ** ** organizationThe **** *** ** ********* accounting ** ** organization is ** ******** its *** *** *** ********* condition ** * ******** date ********** ********** ********** focuses ********* ********** **** *********** *** planning ******* *** ********** goals ** ** **************** ********* *** managerial ********** *** * report format ** ******* accounting *********** ** internal and ******** ************ for review ********* ********** ******* *** *** ******** **** implies **** ************* *** legally required ** ******* *** ***** financial ********** ******* with ***** ********* The ******** ********* ******* ** ********* ********** *** * ******* ***** an ****** ********* * statement ** **** ***** *** a statement ** changes ** *************** equityReports ******** ** ********** ********** *** not ***** *** *** **** ************* ******** *** an ************ ******** 2006)Managerial ********** ******* **** ***** ** ** *** ***** ** organization *** ***************** accounting ** ******* out **** *** whole organization Reports *** ******** to give ********* information ** ** ****** ************ ******** ******* *********** *** be broken *** for ********** ***** ************ ***** On *** ***** hand ** **** focus ** ********** ********** is ********** *********** ** addition to *** whole organizationFinancial ********** ******** ** ********* accounting ****** ** issued ********* *** end of ** accounting period which *** ** annually semi-annually ********* ** 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********* ****** ********** ***** *********** ** ***** ** ******** ********* ********** ***** who want ** ******** ********** ********** ****** ******* a ********* ********** ********** ***** *********** (Madison 2017)A **** **** ******* of *** ********** *** financial ********** helps ******** ******* *** *********** *** ********* *********** ** ** * ***** ******** *************** **** in *** ********** ** a ***** ************ ****** ** both ***** ** ********** ** obtainaccounting information A ********* ********** ******** **** financial *********** to **** ***** management in ****** ********* while ********** accountant provides ************* *********** oriented ******* ****** ****** *********** ****** further states **** services rendered ** *** ********* ********** are ******** ** *** ******** system ** *** ***** ************ ** encompasses the ********** ** ***** *** supplementary ******** books *** *********** ** ********* ******* ** *** ***** *** ********** ********** helps the ***** management ** ********* *** profitability ********* ** introducing new ******** ** the ***** *** ****** ***** ****** by **** ******** ****** *** the ********** in the ***** **** the best ***************** *********** **** ** ******** *** ***** ******** *********** ** the periodic ******* ******** and making *********** of *** ******* and ******** ******* **** also **** management with **** analyzed internal *********** ** the hotel ********** ** guide ** making ********* ***** the ****** ***** business eventsConclusionIn ********** *** **** ***** of ** ********** ** *** returns and ************** ** ********** ******* Financial *** Management accountants ****** focus ** finances generation ** ********* ******* for specific *** ** ***** and **** * ******** understanding of *** theory ** accountingReferenceIvana * ****** ********* ********** ****** ********** ********** ** the ***** ******** ****** ******* *** 16Williams * ******* ********* Managerial ********** **** ************** * (2017) ************ ******* ********** ********** ***** ******* ************* ***** ***** ***************** * ****** ********* and ********** ********** ** Introduction *** Edition ******* ********* **************** ***** ************************************************************************************************