Accounting designed to meet the needs of decision makers inside the business is
A) general accounting
B) financial accounting
C) managerial accounting
D) external accounting

Question

Quizplus · Accepted Answer

Managerial accounting is designed to provide financial information to decision makers within the business, such as managers and executives. It focuses on providing relevant and timely information to support decision-making, planning, and control within the organization. General accounting and financial accounting are more focused on providing information for external stakeholders and regulatory compliance, while external accounting refers to the process of recording financial transactions for external reporting purposes.

Accounting Designed to Meet the Needs of Decision Makers Inside