Financial and Managerial Accounting

Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.

aMay be subjective

bOften used to state corporate goals

cTypically prepared quarterly or annually

dMay measure time or customer satisfaction

eFuture oriented

fHas a greater emphasis on cost-benefit analysis

gKeeps records of assets and liabilities

hHighly aggregated statements

iMust conform to external standards

jSpecial-purpose reports

kDecision-making tool

lIncome statement, balance sheet, and statement of cash flows