whether it is a focus of financial/accounting or managerial accounting

Exam 4: Chapters 18 and 22 1. For each of the characteristics below, identify whether it is a focus of financial accounting or managerial accounting. Use the letter F to identify financial accounting and M to identify managerial accounting. Users are generally managers, employees and decision makers 1. internal to the organization. Used to assist managers in making planning and control 2. decisions. 3. Information is structured and controlled by GAAP. Information is available quickly without the need to wait for an 4. audit. 5. Information is mainly historical with some predictions. 6. Emphasis of the information is on the whole organization. Information is mostly monetary, but includes nonmonetary 7. information.