Managerial and financial accounting differ in many aspects.

Requirement

1. For each of the following, indicate whether the statement relates to managerial accounting (MA) or financial accounting (FA):

______ a. Helps investors make investment decisions.

______ b. Provides detailed reports on parts of the company.

______ c. Helps in planning and controlling operations.

______ d. Reports must follow generally accepted accounting principles (GAAP).

______ e. Reports audited annually by independent certified public accountants.