Question: 31:23 Identify whether each description most likely applies to managerial or financial accounting. 1. Reporting is structured and controlled by GAAP 2. Helps managers

31:23 Identify whether each description most likely applies to managerial or financial

31:23 Identify whether each description most likely applies to managerial or financial accounting. 1. Reporting is structured and controlled by GAAP 2. Helps managers make planning and control decisions. 3. Information is available without the need for an audit. 4. Its primary users are company managers. 5. Its information is often available only after an audit is complete. Managerial accounting Financial accounting Managerial accounting

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