Question 1 of 20In comparing management accounting with financial accounting whi

Question 1 of 20In comparing management accounting with financial accounting whichof the following statements is FALSE?A. Management accounting is primarily used by managers employeesand supply chain partners.B. The report format for financial accounting is based on generallyaccepted accounting principles.C. The purpose of management accounting reports is to provideinformation for planning control performance measurement anddecision making.D. Financial accounting reports are prepared as needed.