According to the Plex website, in their Enterprise Resource Planning Systems cost accounting software modules you can:
● Set up a flexible, detailed cost structure for each operation and for each product, including purchased materials, ingredients and components.
● Apply the cost structure to value inventory and cost of goods sold at any time based on a choice of cost models.
● Define and configure cost types (labour, material, overhead, etc.) and subtypes (setup labour, production labour, etc.) that are used throughout the system.
● Extract data for both external financial reporting, internal decision-making and performance reporting 

Questions:
1 Can you think of any reason why management accounting data and financial accounting data might be separated in a business?
2 Would you expect accounting software to store more detailed information for management accounting purposes than for external reporting? Can you think of any examples?