The following statement was made by the Vice President of finance of Legend Guitars Inc.:

"The managers of a company should use the same information as the shareholders of the firm. When managers use the same information in guiding their internal operations as shareholders use in evaluating their investments, the managers will be aligned with the shareholders' profit objectives."

Discuss whether you agree or disagree with the vice president's statement and why. Please include in your discussion some of the differences between Financial Accounting and Managerial Accounting.

***(Minimum of 4 - 5 legitimate sentences required)***

Also, why you agree or disagree with the vice presidents statement and incorporate the difference between financial and managerial accounting in the discussion.