Managerial accounting places less emphasis on nonmonetary data than financial accounting.

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Managerial accounting places more emphasis on nonmonetary data than financial accounting. Managerial accounting is focused on providing information to internal users for decision-making and planning purposes, while financial accounting is primarily concerned with reporting financial information to external users such as investors and creditors. Therefore, managerial accounting considers both monetary and nonmonetary data such as customer satisfaction, employee morale, and market trends in addition to financial data.

Managerial Accounting Places Less Emphasis on Nonmonetary Data Than Financial