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Question 4 (20 marks) Part A (10 marks) Explain the difference between financial accounting and management accounting with reference to the following characteristics. (10 marks)

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Question 4 (20 marks) Part A (10 marks) Explain the difference between financial accounting and management accounting with reference to the following characteristics. (10 marks) Characteristie Financial Accounting Management Accounting General definition Types of reports produced and relevant regulations Users of reports produced One example of a typical accounting task undertaken in the area

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