I know the differences between managerial accountants and financial accounts. I know managerial accounts are not regulated and report data internally to the management team, and Financial accountants are highly regulated and report out to the public such as shareholders. I'm struggling how financial accountants benefit managerial accountants?

1. 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