Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how the financial accounting helps external stakeholders make informed decisions and how managerial accounting helps managers to improve operational and financial performance.

Compare and contrast financial and managerial accounting

Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how the financial accounting helps external stakeholders make informed decisions and how managerial accounting helps managers to improve operational and financial performance.