Question 1 Primarily used by internal parties Managerial Accounting Financial Accounting Question 2 Prepared for use by creditors and investors Managerial Accounting Financial Accounting Question 3 Prepared according to GAAP Managerial Accounting Future-oriented Managerial Accounting Financial Accounting Question 5 Historical focus Managerial Accounting Financial Accounting Question 6 Includes budgets and cost reports Managerial Accounting Financial Accounting Prepared periodically (monthly, quarterly, annually) Managerial Accounting Financial Accounting Question 8 Prepared when/as needed Managerial Accounting Financial Accounting Question 9 Prepared by product, region, or other business segment Managerial Accounting Financial Accounting Question 9 Prepared by product, region, or other business segment O Managerial Accounting Financial Accounting > Question 10 Prepared for the company as a whole O Managerial Accounting Financial Accounting