Final answer:
True. Both managerial accounting and financial accounting deal with the economic events of a company, but they focus on different aspects.
Step-by-step explanation:
True. Both managerial accounting and financial accounting deal with the economic events of a company, but they focus on different aspects.
Managerial accounting is concerned with providing internal information to help managers make decisions, such as cost analysis and budgeting. Financial accounting, on the other hand, is concerned with providing external information to stakeholders, such as financial statements and reports.