CONFIDENTIAL QUESTION 1 (20 MARKS] Management accounting also is known as managerial accounting and can be defined as a process of providing financial information and resources to the managers in decision making. Managerial accounting encompasses many facets of accounting aimed at improving the quality of information delivered to management about business operation metrics. Managerial accounting and financial accounting are two of the most prominent branches of accounting. They both deal with processing information which is useful in decision-making. However, they have differences that distinguish them from each other. REQUIRED: a) Discuss THREE (3) basic functions of the management accounting. (6 marks) b) Explain what is management accounting system and provide TWO (2) examples. (4 marks) c) Distinguish between management accounting and financial accounting. (10 marks)