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I’m studying for my Management class and don’t understand how to answer this. Can you help me study?1.Now that the difference between financial and managerial accounting has been established, do you think both types of accounting are necessary to make strategic business decisions? Why, or why not? Answer in couple sentences2. Both types of accounting information play a critical role in the success of the organization. Managerial accounting is specifically used for decision making because the manager is utilizing internal data and statistics to determine the appropriate moves for the organization moving forward. Financial accounting also can play a role in decision making because that information can be used to get feedback from potential investors, government officials, or those with a vested stake in the organization. Reply to post within 2-3 sentences Requirements: 1

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