1. Explain the difference between the social role of accounting and the traditional role of accounting.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 8Q: What are the key differences between financial accounting and managerial accounting?
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1. Explain the difference between the social role of accounting and the traditional role of
accounting.
Transcribed Image Text:1. Explain the difference between the social role of accounting and the traditional role of accounting.
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