Complete the following comparison table between managerial and financial accounting.
| Financial Accounting | Managerial Accounting | |||
| Primary users | No Independent AuditsInternal UsersInternal ReportsSpecial-purpose for a Specific DecisionsRelevant to DecisionsQuarterly and AnnuallyAs Frequently as NeededGeneral-purposeGenerally Accepted Accounting PrinciplesExternal UsersFinancial StatementsAnnual Audit by Certified Public Accountant | Quarterly and AnnuallyFinancial StatementsInternal ReportsRelevant to DecisionsExternal UsersAs Frequently as NeededInternal UsersGeneral-purposeGenerally Accepted Accounting PrinciplesSpecial-purpose for a Specific DecisionsAnnual Audit by Certified Public AccountantNo Independent Audits | ||
| Types of reports | General-purposeExternal UsersAnnual Audit by Certified Public AccountantInternal UsersQuarterly and AnnuallyAs Frequently as NeededInternal ReportsSpecial-purpose for a Specific DecisionsNo Independent AuditsGenerally Accepted Accounting PrinciplesRelevant to DecisionsFinancial Statements | Quarterly and AnnuallyInternal UsersSpecial-purpose for a Specific DecisionsGeneral-purposeGenerally Accepted Accounting PrinciplesInternal ReportsAs Frequently as NeededRelevant to DecisionsNo Independent AuditsExternal UsersAnnual Audit by Certified Public AccountantFinancial Statements | ||
| Frequency of reports | Annual Audit by Certified Public AccountantAs Frequently as NeededFinancial StatementsGenerally Accepted Accounting PrinciplesInternal UsersQuarterly and AnnuallyGeneral-purposeInternal ReportsExternal UsersSpecial-purpose for a Specific DecisionsRelevant to DecisionsNo Independent Audits | General-purposeFinancial StatementsSpecial-purpose for a Specific DecisionsGenerally Accepted Accounting PrinciplesQuarterly and AnnuallyAnnual Audit by Certified Public AccountantRelevant to DecisionsNo Independent AuditsInternal UsersInternal ReportsAs Frequently as NeededExternal Users | ||
| Purpose of reports | Internal UsersAs Frequently as NeededGeneral-purposeAnnual Audit by Certified Public AccountantInternal ReportsSpecial-purpose for a Specific DecisionsRelevant to DecisionsNo Independent AuditsQuarterly and AnnuallyGenerally Accepted Accounting PrinciplesExternal UsersFinancial Statements | Relevant to DecisionsInternal UsersExternal UsersFinancial StatementsGeneral-purposeAs Frequently as NeededNo Independent AuditsGenerally Accepted Accounting PrinciplesAnnual Audit by Certified Public AccountantSpecial-purpose for a Specific DecisionsInternal ReportsQuarterly and Annually | ||
| Content of reports | Relevant to DecisionsInternal ReportsGenerally Accepted Accounting PrinciplesAs Frequently as NeededSpecial-purpose for a Specific DecisionsNo Independent AuditsExternal UsersInternal UsersFinancial StatementsQuarterly and AnnuallyAnnual Audit by Certified Public AccountantGeneral-purpose | Relevant to DecisionsGenerally Accepted Accounting PrinciplesFinancial StatementsAnnual Audit by Certified Public AccountantGeneral-purposeQuarterly and AnnuallyNo Independent AuditsInternal UsersInternal ReportsAs Frequently as NeededSpecial-purpose for a Specific DecisionsExternal Users | ||
| Verification | Internal ReportsGeneral-purposeGenerally Accepted Accounting PrinciplesAs Frequently as NeededInternal UsersQuarterly and AnnuallyAnnual Audit by Certified Public AccountantNo Independent AuditsFinancial StatementsSpecial-purpose for a Specific DecisionsExternal UsersRelevant to Decisions | As Frequently as NeededExternal UsersInternal ReportsGeneral-purposeGenerally Accepted Accounting PrinciplesNo Independent AuditsFinancial StatementsSpecial-purpose for a Specific DecisionsAnnual Audit by Certified Public AccountantQuarterly and AnnuallyRelevant to DecisionsInternal Users |