Both financial and managerial accounting affect people's decisions and actions.

Question

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Both financial and managerial accounting provide information that can impact people's decisions and actions. Financial accounting provides information to external stakeholders such as investors and creditors, whereas managerial accounting provides information to internal stakeholders such as managers and employees. Both types of accounting can influence decisions related to investment, financing, operations, marketing, and other areas of business.

Both Financial and Managerial Accounting Affect People's Decisions and Actions