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The implementation of a cost accounting system in an organization would be considerable. Determine what benefit...

The implementation of a cost accounting system in an organization would be considerable. Determine what benefit in providing accounting information which will be useful for management purposes, and which will be instrumental in creating a more profitable and healthy company in the longer term.

  1. Briefly describe the major differences between management accounting and financial accounting for the following: Is financial accounting or management accounting more useful to an operations manager? Why?
    1. Primary users
    2. Focus and emphasis
    3. Rules of measurement and reporting
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