Which of the following is a fundamental characteristic of management accounting as compared to financial accounting?

Question

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Management accounting is focused on providing information to internal users to help them make better business decisions and achieve organizational goals, including a competitive advantage. Financial accounting, on the other hand, is focused on presenting financial information to external users, such as investors and creditors, and follows generally accepted accounting principles (GAAP) and is regulated by governing bodies such as the Securities and Exchange Commission (SEC).

Which of the Following Is a Fundamental Characteristic of Management