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Financial accounting is focused mostly on controlling and planning for costs reporting for external users such as creditors, shareholders, etc. performing an evaluation of profitability.

  1. Financial accounting is focused mostly on
    1. controlling and planning for costs
    2. reporting for external users such as creditors, shareholders, etc.
    3. performing an evaluation of profitability.
    4. providing information for strategic and tactical decisions.
    5. providing analysis to facilitate long-term decision making.

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