For each of the following, indicate whether the statement relates to managerial accounting (M

A) or financial accounting (FA):

Statement Applies to
MA or FA
How reports will affect employee behavior is a concern.
Summary reports are prepared primarily on the company as a whole, usually on a quarterly or annual basis.
Relevant information and focus on the future.
Primary users include investors, creditors, and government authorities.
There is no requirement to follow GAAP.

Statement Applies to
MA or FA
How reports will affect employee behavior is a concern.
MA
Summary reports are prepared primarily on the company as a whole, usually on a quarterly or annual basis.

FA
Relevant information and focus on the future. MA
Primary users include investors, creditors, and government authorities.
FA
There is no requirement to follow GAAP. MA