Which of the following is true regarding managerial accounting vs, financial accounting? Multiple Choice Managerial accounting focuses primarily on the organization as a whole while financial accounting typically breaks Information down to focus on segments within an organization Managerial accounting must follow GAAP and is more rules based than financial accounting. Managerial accounting supplies Information for external parties while financial accounting supplies information for Internal decision makers. Managerial accounting places more of a focus on future decision making while financial accounting takes a historkal perspective