6. (6 marks) Indicate whether the following statements describe financial accounting (FA) or management accounting (MA) a) Reporting must follow Accounting Standards for Private Enterprises (ASPE) or International Financial Reporting Standards (IFRS) set by professional bodies. b) It is concerned with collecting data of a historical nature. c) Itislargely basedonforecastingfuturesalesandcashflows calculating costsand preparing budgets. d) Statements are primarily prepared for external users such as creditors and shareholders so that they can make sound financial or investment decisions. e) Statements and reports do not require independent examination. 0 It uses very detailed reports that provide a wealth of information