Consider the descriptors that follow. 1. Is heavily involved with the recordkeeping and reporting of assets, liabilities, and stockholders' equity. 2. Focuses on planning, decision making, directing, and control. 3. Is heavily regulated. 4. A field that is becoming more 'cross-functional' in nature. Much of the field is based on costs and benefits. 5. 6. Is involved almost exclusively with past transactions and events. 7. Much of the information provided is directed toward stockholders, financial analysts, creditors and other external parties. 8. May become involved with measures of customer satisfaction, and the amount of actual cost incurred versus budgeted targets. Required Determine whether the descriptors are most closely associated with financial accounting or managerial accounting.