The type of accounting that makes projections to determine if a company should build a new store is:
A) financial accounting.
B) business accounting.
C) managerial accounting.
D) projection accounting.

Question

Quizplus · Accepted Answer

Managerial accounting is the type of accounting that is focused on providing information that can aid in internal decision-making by an organization. When determining whether a company should build a new store, managerial accounting is used to make projections and analyze the potential costs and benefits of the decision. Financial accounting, on the other hand, is focused on providing financial statements to external stakeholders, while business accounting is not a recognized type of accounting. Projection accounting is not a common term in accounting and is not the correct choice.

The Type of Accounting That Makes Projections to Determine If