$1\mathrm{.}1$ The Difference Between Managerial and Financial Accounting Infor...

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Categorize each characteristic as relevant to either managerial or financial accounting.

Delayed

Aggregated

GAAP based

$\backslash$table$[[$Primary Users,Financial,Managerial$],[$Reporting Focus,,$],[$Timing$,,],[$Reporting Requirements,,$],[$Information Detail,,$],[$Functional Areas,,$]]$

Delayed

Aggregated

External users

GAAP based

$\backslash$table$[[$Primary Users,Financial,Managerial$],[$Reporting Focus,,$],[$Timing$,,],[$Reporting Requirements,,$],[$Information

How are information needs different for higher and lower levels of management in an organization?

Operational$-$level managers need $$ to make informed, tactical decisions. Some needed information includes $$

Upper$-$level mane $$