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Difference between financial and management accounting

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Reference no: EM132741750

Question: 1. What is the difference between Financial and Management Accounting?

2. How many inventories are needed in Management Accounting? Why?

3. How many inventories are needed in Financial Accounting? Why?

4. What is the Value Chain?

5. What is the difference between period and product (inventorial) costs?

6. Why do we need to know what Direct Material, Direct Labor, and Manufacturing Overhead are?

Reference no: EM132741750

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