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Describe the differences between managerial and financial accounting. Describe the differences as they relate to the users of the information, the purpose of the information, and the time frame (past
Describe the differences between managerial and financial accounting. Describe the differences as they relate to the users of the information, the purpose of the information, and the time frame (past or present). Additionally, discuss whether financial and managerial follow the same rules (GAAP) and how the scope of the information can be different.
Please make it in 3 paragraph at least.
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