Which of the following types of accounting is designed to meet the needs of decision-makers inside a company?
A)Audit accounting
B)Financial accounting
C)Managerial accounting
D)Tax accounting

Question

Quizplus · Accepted Answer

Managerial accounting is designed to meet the needs of decision-makers inside a company, such as managers and executives, providing information for planning, controlling, and evaluating business operations. Audit accounting is focused on verifying the accuracy and compliance of financial statements, while financial accounting is geared towards preparing financial statements for external parties such as investors and regulators. Tax accounting deals with taxation laws and regulations.

Which of the Following Types of Accounting Is Designed to Meet