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Accounting as a discipline and practice is concerned with recording, estimating, organizing and summarizing financial and operational data (garrison, noreen & brewer 2011, p 34 hilton & platt 2011, p 45) the financial information derived could be classified into financial accounting and managerial. Custom written research paper about managerial accounting and outsourcing. Overview the accounting track focuses on the interface among accounting information, capital markets, standard-setters, and financial analysts, and on risk measurement and management, the estimation of the fair value of complex assets and liabilities, and how firms make choices, control activities and provide incentives.