1. For each of the characteristics below, identify whether it is a focus of financial accounting or managerial accounting. Use the letter F to identify financial accounting and M to identify managerial accounting.

Users are generally managers, employees and decision makers

a. internal to the organization. _________

Used to assist managers in making planning and control

b. decisions________.

c. Information is structured and controlled by GAAP________.

Information is available quickly without the need to wait for an

d. audit._________

e. Information is mainly historical with some predictions. _________

f. Emphasis of the information is on the whole organization_____________.

g. Information is mostly monetary, but includes nonmonetary information________.

Answer rating: 100% (QA)

1 a Users are generally managers employees and decision makers internal to the organization M b ... View the full answer