2. Financial accounting information and managerial accounting information have a number of distinguishing characteristics: 1. Reporting standard is relevant 2. Classified financial statements 3. Reports generally pertain to the company as a whole 4. Reports generally pertain to subunits 5. Reports issued quarterly or annually 6. General-purpose reports 7. Reports are used internally 8. Prepared in accordance with generally accepted accounting principles 9. Special purpose reports 10. Limited to historical cost data 2. Financial accounting information and managerial accounting information have a number of distinguishing characteristics: 1. Reporting standard is relevant 2. Classified financial statements 3. Reports generally pertain to the company as a whole 4. Reports generally pertain to subunits 5. Reports issued quarterly or annually 6. General-purpose reports 7. Reports are used internally 8. Prepared in accordance with generally accepted accounting principles 9. Special purpose reports 10. Limited to historical cost data