Problem:

Identify some of the major differences between the fields of financial and managerial accounting. Compare and contrast these differences in terms of usefulness to managers for decision making. How do organizations cope with managers who have little knowledge of accounting?

Additional Information:

This question belongs to Finance as well as it explains about the major difference between financial and managerial accounting. It compares and contrasts the differences in terms of usefulness to managers for decision making.

Total Word Count 561