1. Managerial accounting: A) focuses on the internal organization and its segments. B) has its primary emphasis on the past. C) is required by regulatory bodies (such as the SEC). D) all of the above are correct. 2. Managerial accounting places considerable weight on: A) generally accepted accounting principles. B) the financial history of the entity. C) reporting to creditors and regulators. D) detailed segment reports about departments, products, and customers