Managerial Accounting vs. Financial Accounting: What’s the Difference?

A small business owner wearing a mask and hanging an Open sign on the front door of her shop.

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If you’ve always thought that managerial accounting, sometimes referred to as management accounting, and financial accounting were the same type of accounting, you may be in for a surprise.

While both deal with numbers, that’s where many of the similarities end. Read on as we take a dive into accounting 101

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