Ompare and contrast financial and managerial accounting.

Scenario/Background to Assignment:
The Sparklin Automotive Company (SAC) has been in business since 1930. It began business in the United States supplying spark plugs to automotive manufacturers (OEM, the original equipment market) and the automotive aftermarket.
SAC has introduced a new spark plug manufacturing process in the United States that produces a higher quality spark plug guaranteed to last 100,000 miles. The introduction of this spark plug has been very successful in the United States.
In addition to these types of projects, your responsibilities include creating and analyzing the monthly performance of each plant and consolidating the results into a set of financial statements footnoted with explanations.
Assignment:
In a memo to your new assistant, Sally Jones, explain to her the similarities and differences between financial and managerial accounting. Provide examples of managerial accounting reports she could expect
1200-1500 words
APA format
At least 3 credible sources
The assignment is to be in the following format.
I. Part 1 a Give an overview of what is going to be discussed in the memo
II. Part II Heading: Differences Between Managerial and Financial Accounting a ( About 2 Paragraphs)
III. Part III Heading: Managerial Reports and Usefulness in Decision Making a
a. Managerial Report 1
i. Describe and Define the Report
ii. Management Use of Report
b. Managerial Report 2
i. Describe and Define the Report
ii. Management Use of Report
c. Managerial Report 3
i. Describe and Define the Report
ii. Management Use of Report
d. Managerial Report 4
i. Describe and Define the Report
ii. Management Use of Report
e. Managerial Report 5
i. Describe and Define the Report
ii. Management Use of Report
IV. Conclusion
V. References