When comparing management accounting and financial accounting, which of the following statements is FALSE ()
A.Management accounting has a future orientation whereas financial accounting has a past orientation.
B.Management accounting prepares detailed reports whereas financial accounting prepares summary reports.
C.Management accountants are constrained by the principles of reporting promulgated by the Institute of Management Accountants whereas financial accountants are constrained by Generally Accepted Accounting Principles.
D.Behavioral considerations are of primary importance in management accounting, but not in financial accounting.