The area of accounting that emphasizes developing accounting information for use within a company is known as __________ accounting.
A) management
B) forensic
C) audit
D) financial

Question

Quizplus · Accepted Answer

Management accounting focuses on providing financial information and analyses to decision-makers within an organization, such as managers and executives, to help them make informed business decisions. It involves budgeting, cost accounting, performance evaluation, and other internal accounting functions. Forensic accounting involves investigating financial crimes, while audit accounting involves reviewing financial statements for accuracy and compliance with accounting standards. Financial accounting involves preparing financial statements for external stakeholders such as investors and creditors.

The Area of Accounting That Emphasizes Developing Accounting Information for Use