Use the following table to indicate whether the information is more representative of managerial versus financial accounting. The first item is shown as an example.
Financial Managerial
Information Item Accounting Accounting
Cost per unit of individual products..............................................................X
Profit margin of individual products
Annual report filed with SEC
Cash flow of the company as a whole
Income statement prepared according to GAAP
Balance sheet prepared according to market-value estimates
Estimated profit of a new product ready to be launched
Footnote disclosures required by FASB
Cost analysis provided to production manager
Facility utilization report provided to company president
Financial figures released to press
Financial statements provided to creditors
Report on employee turnover
Cost of goods sold as reported according to GAAP