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Cost accounting

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Flexibility is said to be the hallmark of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus of these two accounting systems differs.

  • Cost accounting - ,

    This explanation should help you.

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  • Cost accounting - ,

    because it is common to all cost accounting

  • Management accounting - ,

    Flexibility is said to be the hallmark of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus of these two accounting systems differs

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