Financial and Managerial accounting are similar in that both A. primarily emphasize future operating results and goals. B. are regulated by outside regulatory agencies and commissions. C. are designed to meet the needs of managers. D. provide information primarily to external users. E. use information provided by the internal accounting system.

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tutordamola tutordamola · Answer 1 · 2020-09-09T05:43:16+02:00

Answer:

The answer is E.

Explanation:

Financial accounting is the process of recording, summarizing, and analysis financial data/transactions

Managerial (management) accounting is the process of making financial information available for management to make decisions or for advice.

Both financial accounting and management (managerial) accounting make use of information provided by the internal accounting system.

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Tundexi Tundexi · Answer 2 · 2022-01-20T08:25:52+01:00

The financial and management accounting are similar because they use the information provided by the internal accounting system.

A financial accounting means the process of recording, summarizing and analysis financial transactions for different purpose.

A Managerial accounting means the process of making financial information available for management to make decisions or for advice.

Hence, the financial and management accounting are similar because they use the information provided by the internal accounting system.

Therefore, the Option E is correct.