Characteristics of financial versus managerial accounting Required Use the following table to indicate whether the information is more representative of managerial versus financial accounting. The first item is shown as an example. Financial Accounting Managerial Accounting Information Item Cost per unit of individual products Profit margin of individual products Annual report filed with SECARA Cash flow of the company as a whole Income statement prepared according to GAAP Balance sheet prepared according to market value estimates Estimated profit of a new product ready to be launched Footnote disclosures required by FASB Cost analysis provided to production manager Facility utilization report provided to company president Financial figures released to press Financial statements provided to creditors Report on employee turnover Cost of goods sold as reported according to GAAP