Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all. Budget Creditors Controlling Financial accounting Managerial accounting Managers Planning Shareholders a. Information on a company's past performance is provided to external parties by financial accounting b. systems are chosen by comparing the costs versus the benefits of the system and are not restricted by GAAP (or International Financial Reporting Standards, IFRS, in the case of companies headquartered in many countries outside of the United States). C. systems report on various segments or business units of the company and d. Financial accounting develops reports for external parties such as e. When managers evaluate the company's performance compared to the plan, they are performing the f. CPAs audit the role of management. statements of public companies. g. Companies must follow GAAP (or International Financial Reporting Standards, IRFS, in the case of companies headquartered in many countries outside of the United States) in their h. Choosing goals and the means to achieve them is the i. Decision makers inside a company are the systems function of management