Managerial Accounting: Multiple Choice Focuses on the entire company rather than segments or product lines. O Is used predominately by external investors. Is not required to be in compliance with GAAP or any other industry standard rules. Is mandatory for all companies. Managerial Accounting: Multiple Choice Is used predominately by external investors. Is mandatory for all companies. Is required to be in compliance with GAAP or any other industry standard rules. Focuses on segments or product lines rather than the entire company. Managerial Accounting differs from Financial Accounting by: Multiple Choice Emphasizing verifiability over relevance. Management Accounting has more of a historical perspective than Financial Accounting. Emphasizing timeliness over precision. O Emphasizing independence over objectivity