Identify the following characteristics as primarily related to financial accounting (FA) or managerial accounting (MA): 1. Helps creditors make lending decisions. 2. Helps in planning, directing, and controlling operations. 3. Is not required to follow GAAP. 4. Has a focus on the future. 5. Summary reports prepared quarterly or annually.Identify the following characteristics as primarily related to financial accounting (FA) or managerial accounting (MA): 1. Helps creditors make lending decisions. 2. Helps in planning, directing, and controlling operations. 3. Is not required to follow GAAP. 4. Has a focus on the future. 5. Summary reports prepared quarterly or annually. FA MA