Which of the following is NOT a characteristic of managerial accounting? Select one: A. Managerial accounting reports are ONLY prepared at fixed intervals (monthly, quarterly, yearly) B. Managerial accounting reports can be prepared for the company as a whole or for a segment of the company C. Managerial accounting reports are not used by external users such as creditors and shareholders D. Managerial accounting information is designed to meet the specific needs of a company's management