Comparing managerial accounting and financial accounting For each of the following, indicate whether the statement relates to managerial accounting (MA) or financial accounting (FA): It helps...

Comparing managerial accounting and financial accounting

For each of the following, indicate whether the statement relates to managerial accounting (MA) or financial accounting (FA):

• It helps investors make investment decisions.


• Provides detailed reports on parts of the company.


• Helps in planning and controlling operations.


• Reports must follow Generally Accepted Accounting Principles (GAAP).


• Reports audited annually by independent certified public accountants.