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1. a. Explain the difference between Managerial and Financial Accounting, b. List the users of Managerial and Financial Accounting information, c. Does Financial and Managerial

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

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