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:

Forces and Energy

Fundamental concepts in physics, with forces being interactions that change the motion of objects and energy being the capacity to do work.

Gravitational Pull

The force by which a planet or other body draws objects toward its center.

Electromagnetic Energy

Various forms of energy, including light, infrared, and ultraviolet radiation.

Igneous Rock

A rock that formed by solidification of molten material (magma).