Moving to another question will save this response Question 49 of 50 Question 49 2.1 points Abasic difference between Managerial Accounting and Financial Accounting is: Al managerial accounting information is audited by Certified Public Accountants whereas financial accounting information is not edited by anyone Managerial accounting provides information for decision-makers within the organization useful for planning and control while financial accounting provides information for outside investors and creditors Financial accounting Wormation follows U.S. Generally Accepted Accounting Principles, whereas manager accounting information generally follows IFRS Managerial accounting is concerned principaly with determining the cost of inventory ending inventory and cost of goods sold, while financial accounting is concerned with a wide range of the O's activities