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(c) Colton Sdn Bhd is a small manufacturing company. Colton is planning to split its current finance department into two departments: financial accounting department and

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(c) Colton Sdn Bhd is a small manufacturing company. Colton is planning to split its current finance department into two departments: financial accounting department and management accounting department. You have been appointed to head the management accounting department. As your first task, your Chief Financial Officer (CFO) has asked you present to the board, explaining the difference between the financial accounting and management accounting. Required: Discuss the differences between the financial accounting and management accounting in ANY THREE (3) aspects. (9 marks) (Total: 25 marks)

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