The Fundamental Difference Between Managerial and Financial Accounting Is That

Multiple Choice

The fundamental difference between managerial and financial accounting is that

A) all financial accounting information is audited by Certified Public Accountants whereas managerial accounting information is audited by the IMA.
B) managerial accounting is concerned principally with budgets, whereas financial accounting is concerned with a wider range of the organization's activities.
C) managerial accounting provides information for decision-makers within the organization, whereas financial accounting provides information for individuals and institutions external to the organization.
D) financial accounting information follows U.S.Generally Accepted Accounting Principles, whereas managerial accounting information generally follows rules set forth by the Institute of Management Accountants.