27. The process of identifying, measuring, analyzing, and communicating financial information needed by management to plan, evaluate, and control an organization's operations is called A) financial accounting. B) managerial accounting. C) tax accounting. D) auditing.

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Quizplus · Accepted Answer

The process described in the question is a function of managerial accounting, which provides information for internal decision making and control. Financial accounting, tax accounting, and auditing are all related to external reporting and compliance.