Which of the following is not a difference between financial and management accounting? Financial accounting is typically mandatory, while management accounting is optional. The primary data for each is accumulated in different accounting systems. Financial accounting is general purpose in nature, while management accounting is for a specific purpose. Financial accounting information is historical in nature, while management accounting is future oriented Question 8 1 pts Informed decision making is most dependent on: O having line departments. having managers that adhere to the formal organization structure in their communications with others. O profits. O having a steady flow of useful information