$1.$ Which of the following is true of financial accounting?

It is primarily concerned with producing information for internal users.

It does not follow any externally imposed rules.

It strongly emphasizes providing information about future events.

It focuses on overall firm performance, providing a more aggregated viewpoint.

c

$2.$ Which of the following is a difference between financial accounting and managerial accounting?

Financial accounting focuses on providing information for internal users, while managerial accounting focuses on providing information for external users.

Financial accounting has a historical orientation, while managerial accounting emphasizes on the future.

Financial accounting includes various disciplines and is broad in scope, while managerial accounting is more self$-$containing.

Financial accounting does not follow externally imposed rules, while managerial accounting must follow externally imposed rules.