Two common areas of accounting that respectively provide information to internal and external users are
A) forensic accounting and financial accounting
B) managerial accounting and financial accounting
C) managerial accounting and environmental accounting
D) financial accounting and tax accounting systems

Question

Quizplus · Accepted Answer

Managerial accounting provides information to internal users, such as managers and executives, to help them make informed business decisions. Financial accounting provides information to external users, such as investors and creditors, to help them evaluate the financial health and performance of a company.

Two Common Areas of Accounting That Respectively Provide Information to Internal