Select whether the following characteristics are most often associated with managerial accounting or financial accounting. Primarily used for internal decision making Generally Accepted Accounting Principles (GAAP) must be used Prepared statements usually pertain to the company as a whole rather than individual departments or products Information provided will often be subjective, such as estimated future results Often prepared on an as-needed basis rather than at fixed intervals

Solution:

1. Primarily used for internal decision making-->Managerial Accounting    2. Generally Accepted Accounting Principles (GAAP) must be used>Financial Accounting    

3. Prepared statements usually pertain to the company as a whole rather than individual departments or products-->Financial Accounting    

4. Information provided will often be subjective, such as estimated future results>Managerial Accounting    

5. Often prepared on an as-needed basis rather than at fixed intervals-->Managerial Accounting    

6 Use principles of the Sustainability Accounting Standards Board (SASB) to provide sustainability information to external financial statement users--->Financial Accounting    

7. Consideration of sustainability practices to contribute to the company’s long-term success--->Managerial Accounting    

8. Using eco-efficiency measures to reduce expenses--->Managerial Accounting    

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.