3) Financial accounting: A) focuses on the rture and includes activities such as preparing next year's operating budget B) must comply Wltll GAAP (generally accepted accounting principles) C) reports include detailed information on the various operating segments of the business SW11 as product lines or departments D) is prepared for the use of department heads and other employees 4) Cost accounting is applied to: A) large business enterprises only B) small business enterprises only C) manufacturing and services concerns D) public undertakings only 5) The nature of managerial accounting is: A) historical B) social C) forward-looking 6) The main object of cost accounting is: A) to record day-to-day transactions of the business B) to record business expenses and revenues C) to determine tender price 6: D) to ascertain true cost of products and services