the following is a list of various characteristics of accounting information. in the space provided identify each as a characteristic of either financial or management accounting information

objectives, and mission. 1.2. The following is a list of various characteristics of accounting information. In the space provided identify each as a characteristic of either financial or management accounting information. 1. The information is summarized in a set of statements distributed to the public. 2. The information is historical in nature. It reports the results of events and transactions that have already occurred. 3. The timeliness of the information is more critical than its completeness. To increase its usefulness to investors and creditors, the information is usually accompanied by explanations from management. 5. The information is intended to be used for planning and control decisions