whether the fn//owing characteristics are most often associated with managerial accounting or financial accounting. Managerial Accounting Primarily used for internal decision making Generally Accepted Accounting Principles (GAAP) must be used Prepared statements usually pertain to the company as a whole rather than individual departments or products Information provided will often be subjective, such as estimated future results Often prepared on an as-needed basis rather than at fixed intervals Use principles of the Sustainability Accounting Standards Board (SASB) to provide sustainability information to external financial statement users Consideration of sustainability practices to contribute to the company' s long-term success using to reduce expenses Financial Accounting