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Choose the one most appropriate answer for each.
-Ectothermic
Managerial Accounting
The area of accounting focused on providing financial data and advice to company managers for decision-making purposes.
GAAP
Generally Accepted Accounting Principles encompass a series of standard accounting practices and rules for the creation of financial reports.
Financial Accounting
The field of accounting that focuses on providing information to external users such as investors, creditors, and regulators, primarily through financial statements.
GAAP
A set of widely accepted accounting norms and standards, referred to as Generally Accepted Accounting Principles, for the preparation of financial statements.
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