For Each of the Following,indicate Whether the Statement Relates to Managerial

question 223

Essay

For each of the following,indicate whether the statement relates to managerial accounting (MA)or financial accounting (FA):
$$\begin{array} { | l | l | } \hline \text { Statement } & \begin{array} { l } \text { Applies to } \\\text { MA or FA }\end{array} \\\hline \text { How reports will affect employee behavior is a } & \\\text { concern. } & \\\hline \text { Summary reports are prepared primarily on the } & \\\text { company as a whole, usually on a quarterly or annual } & \\\text { basis. } & \\\hline \text { Relevant information and focus on the future. } & \\\hline \text { Primary users include investors, creditors, and } & \\\text { government authorities. } & \\\hline \text { There is no requirement to follow GAAP. } & \\\hline\end{array}$$

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Definitions:

Circadian Rhythms

Natural, internal processes that regulate the sleep-wake cycle and repeat roughly every 24 hours.

Body Temperature

A measure of the body's ability to generate and get rid of heat, indicative of the physical state of the body, typically around 37°C (98.6°F) in humans.

Hypothalamus

A region of the brain that controls an enormous number of bodily functions including hunger, thirst, sleep, and emotional activity.

Consciousness

The condition in which a person is conscious and can reflect on their own being, feelings, ideas, environment, and life events.