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Homework answers / question archive / 1) How would you describe the difference between financial and managerial accounting? What are the distinguishing features of managerial accounting? 2) First, select a management function (planning, directing and motivating, or controlling) and explain how that function relates to business as a whole
1) How would you describe the difference between financial and managerial accounting? What are the distinguishing features of managerial accounting?
2) First, select a management function (planning, directing and motivating, or controlling) and explain how that function relates to business as a whole. Next, select a different function listed by a classmate. Discuss with your classmate how the functions you each selected complement each other.