What are the main differences in the role of financialaccounting and managerial accounting?

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What are the main objectives of comparative analysis and why arethey important to external users of the financial statements, suchas investors?

What are the main differences in the role of financialaccounting and managerial accounting?

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List seven keydifferences between Managerial Accounting and FinancialAccounting.

1. a. Explain the difference between Managerial and FinancialAccounting, b. List the users of Managerial and FinancialAccounting information, c. Does Financial and Managerial Accountingreports have to be prepared in accordance with GAAP? Please give adetailed answer.

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