Identify whether each description most likely applies to managerial or financial accounting.
1. _______ It is directed at external users in making investment, credit, and other decisions.
2. _______ Its information is often available only after an audit is complete.
3. _______ Its primary focus is on the organization as a whole.
4. _______ Its principles and practices are very flexible.
5. _______ Its primary users are company managers.