In a few words give me a substantive comment on this post:

Financial accounting is regulated in various areas to ensure the accuracy, transparency, and comparability of financial information reported by organizations. Accounting standards, such as Generally Accepted Accounting Principles (GAAP) in the United States and International Financial Reporting Standards (IFRS) globally, provide a set of rules and guidelines for preparing financial statements. Regulatory bodies, such as the Securities and Exchange Commission (SEC) in the United States, Financial Accounting Standards Board (FASB), and International Accounting Standards Board (IASB), oversee financial accounting practices and establish accounting rules and standards. In contrast, managerial accounting is not subject to the same level of regulation as financial accounting. Managerial accounting information is primarily used internally by managers and decision-makers within an organization to support planning, control, and decision-making. Since it is not intended for external stakeholders, there is less need for regulatory oversight. Managerial accounting involves the application of accounting techniques and tools that can vary across organizations. It allows companies to tailor their management accounting systems to their specific needs, strategies, and operating environments.