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Which of the following statements is correct regarding managerial versus financial accounting? a. Financial accounting serves external users and is not restricted with GAAP. b.

Which of the following statements is correct regarding managerial versus financial accounting?

a.
Financial accounting serves external users and is not restricted with GAAP.

b.
Financial accounting is historical based and is not regulated by the SEC.

c.
Managerial accounting serves managers and focuses on the past, present, and future.

d.
Managerial accounting serves external users and has to follow GAAP.

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	a.	Financial accounting serves external users and is not restricted with GAAP.
	b.	Financial accounting is historical based and is not regulated by the SEC.
	c.	Managerial accounting serves managers and focuses on the past, present, and future.
	d.	Managerial accounting serves external users and has to follow GAAP.