Management accounting differs from financial accounting in many ways. Indicate with an X in the appropriate column whether each of the following characteristics relates to financial accounting, management accounting, or neither (1 Point Each).

	Financial Accounting	Management Accounting	Neither
Primary Users:
Owners, stockholders, lenders, customers, governmental agencies
Managers and lenders only
Managers, employees, supply-chain partners
Report Format:
Flexible, driven by users needs
Based on generally accepted accounting principles
Nature of information:
Objective and verifiable; reports on past performance
Objective and verifiable for decision making; subjective for planning
Publicly available
Units of Measure:
Monetary at historical or current market or projected values; physical measures of time or number of objects
Dollars at historical values only
Monetary at historical or current market values