What is primary between managerial vs financial accounting

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Problem 1: What is the primary difference between managerial and financial accounting?

Multiple Choice

Option 1: Managerial accounting data is provided to shareholders and lenders to support decisions about lending and investing in the business.

Option 2: Managerial accounting provides financial data for internal use within the organization, whereas financial accounting provides data to external users.

Option 3: There is no difference between financial and managerial accounting.

Option 4: Financial accounting data is based on the business transactions of the business. Managerial accounting is based solely on estimated activity.

Reference no: EM132987166

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