Saved Managerial accounting and financial accounting differ in many ways from each other. Indicate in the following table which of the following characteristics relates to managerial or financial accounting. Business Decision Primary Information Source Users & Decision Makers: Owners, stockholders, 1. lenders, and customers Flexibility of Reporting: Flexible, driven by user's 2 needs 3. Nature of Information: Monetary 4. Timeliness of Information: Quickly 5. Time Dimension: Future Financial Managerial Focus of Information: Emphasis on the whole 6 organization 7. Nature of Information: Monetary and nonmonetary 8. Time Dimension: Historical Flexibility of Reporting: Based on generally accepted accounting principles Users and Decision Makers: Managers and employees 11 Timeliness of information: After audit Focus of Information: Emphasis on divisions of the organization 12