Which of the following is true regarding the comparison of manogerial and financlal accounting? Multiple Choice Manegerial accounting takes a historical perspective while financial accounting focuses on the future. Manegerial accounting concepts are used by those who are planning within an organizaton while financial accounting reports are used by extornal parties Managerial occounting reporting is mandatory wh/o financial accounting reporing is not mandatory. Manegerial accounting focuses on the company as a whole while financial eccounting reports on smarof segments withi the organization