Which branch of accounting is best described by each statement below?

· This branch of accounting is unregulated but mostly based on cost/benefit analysis.

· The type of data in this branch is mostly financial and monetary.

· The time perspective of this branch is principally historical.

· This branch of accounting has no pre-determined format but is aligned to the specific wishes of management.

· This branch of accounting provides general information on the whole organization.

· The branch of accounting is based on a continuous reporting frequency.

· The main characteristic of this branch of accounting is the focus on estimated information to ensure efficiency, relevance and timeliness.
· This branch of accounting will provide information to external stakeholders.