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esl rhetorical analysis essay writers for hire for university - Feb 17,  · Managerial accounting refers to the analysis of the information of an enterprise, using accounting techniques, for the purpose of planning on how to achieve the goals of an organization. It is thus apparent from this definition that results from managerial accounting are used within the organization and they are not meant for external use. Financial and Managerial accounting are used for making sound financial decisions about an organization. They provide information of past quantitative financial activities and are useful in making future economic decisions. (Albrecht, Stice, Stice, & Skousen, ) The same financial data is used to derive reports for each accounting process. Whereas financial accounting is prepared after a certain period of time and used by external users, managerial accounting is prepared by the management accountant for internal use of the management and it has no specific format to be used hence no need for comparison with other organizations. best free essay checker

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