1 What is the difference between managerial and financial accounting? Financial accounting provides accounting information to internal users while managerial accounting provides information to external users Examples of financial statements that would be prepared for managerial accounting includes statement of operations and statement of changes in equity. Financial accounting provides accounting information to owners, lenders, suppliers while managerial accounting provides information to managers and CEOS. Managerial accounting must follow formats established by the American Institute of Certified Public Accountants Financial accounting has no format prescribed and varies between organizations Question 2 Regarding operating indicators, which one of the following statements is true? 1 pts 1 pts