Managerial accountants only need a solid understanding of managerial accounting,and not financial accounting.

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While managerial accountants do focus on managerial accounting, they also need a strong understanding of financial accounting as well. Financial accounting provides necessary financial statements and information that inform managerial decision-making. Therefore, a solid understanding of financial accounting is important for managerial accountants.

Managerial Accountants Only Need a Solid Understanding of Managerial Accounting,and