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c) Management Accounting and Financial Accounting serve different purposes and hence have many differences. Nevertheless, they are interrelated and both essential in ensuring the success

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c) Management Accounting and Financial Accounting serve different purposes and hence have many differences. Nevertheless, they are interrelated and both essential in ensuring the success of a business. Discuss at least three differences between Management Accounting and Financial Accounting. You are also required to explain how Management Accounting offers essential information that is used in the preparation of financial statements, providing examples. Word limit: 1,000 words

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