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How can a managerial accountant benefit from understanding the financial accounting side of the business? How should he/she utilize both managerial and financial accounting data

How can a managerial accountant benefit from understanding the financial accounting side of the business? How should he/she utilize both managerial and financial accounting data and reports to improve efficiencies and increase the effectiveness of internal operations? In what ways, is the managerial accountant the liaison between these functions? Explain.

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