21. Which of the following characteristics apply to Financial Accounting, and which apply to Management Accounting?

(i) Required by law
(ii) Historic data
(iii) Information is only available within the organisation

A. (i) applies to Financial Accounting. (ii) and (iii) apply to Management Accounting

B. (i), (ii) and (iii) apply to Financial Accounting only

C. (i) and (ii) apply to Financial Accounting. (iii) applies to Management Accounting

D. (i), (ii) and (iii) apply to Management Accounting only