Explain the purpose of financial and management accounting within your chosen organisation. Within your answer you must provide an outline of the needs of different business stakeholders in relation to this information.

Explain the purpose of financial and management accounting within your chosen organisation. Within your answer you must provide an outline of the needs of different business stakeholders in relation to this information.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 9MC: External users of accounting information would include ________________. employees managers...

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Approach to decide on the efficient procurement and investment of funds for the day-to-day operations of a business. Financial management aims at profit maximization, and it includes financing and capital budgeting.

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