Complete the following table to compare and contrast financial and managerial accounting.CharacteristicFinancial AccountingManagerial AccountingUsers Level of aggregation Regulation Characteristic of information Time horizon Reporting frequency
What will be an ideal response?
| Characteristic | Financial Accounting | Managerial Accounting |
| Users | External (including investors and creditors) | Internal (managers of the organization) |
| Level of aggregation | Highly aggregated (looks at the organization as a whole) | Disaggregated (focuses on the entity's parts) |
| Regulation | Regulated by SEC and FASB | Unregulated |
| Characteristic of information | Financial information, characterized by objectivity and reliability | Financial and nonfinancial information; characterized by relevance and timeliness |
| Time horizon | Historically based | Oriented to the present and future |
| Reporting frequency | Periodically, with emphasis on annual and quarterly reports | Continuous reporting |
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Indicate whether the statement is true or false
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Under the Constitution, any ______ must be disclosed to the defendant
a. false evidence b. important evidence c. exculpatory evidence d. illegally collected evidence e. none of the other choices are correct