Managerial accounting differs from financial accounting in that managerial accounting has no comparable set of rules governing what information must be provided to decision-makers or how that information is presented.

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Managerial accounting is focused on providing information to internal decision-makers, such as managers, to support planning, controlling, and decision-making. As a result, there are no specific rules or regulations governing what information must be provided or how it should be presented, unlike financial accounting which has a set of standardized rules and regulations.

Managerial Accounting Differs from Financial Accounting in That Managerial Accounting