Question 1 Financial accounting follows Generally Accepted Accounting Principles (GAAP), while managerial accounting Not yet answered Med out of 1.00 P Flag Select one a. is concerned with collecting data of historical nature b. develops reports primarily prepared for internal use and help management make informed operational decisions. c develops financial statements for external users d. often has the financial information audited question V Next page Practice Quit pdf pdf Secuirty Questions pot Practice Quiz Ques.pdf Practice Qui 3.pdf Practice Test 2 pdf Type here to search O i Ps *