Question $22(4$ points$)$

Which of the following best represents the difference between Financial Accounting

$($FI$)$ and Controlling $($CO$)?$

Financial Accounting deals only with costs and revenues

Financial Accounting is primarily used for internal audience, while Controlling is for external audiences

Financial Accounting is primarily for legal reporting, while Controlling is for management purposes

There is no distinction between the two. They are essentially the same.