The field of accounting that focuses on providing information for external decision makers is ________.
A) managerial accounting
B) financial accounting
C) cost accounting
D) nonmonetary accounting

Question

Quizplus · Accepted Answer

Financial accounting focuses on providing information to external decision makers such as investors, creditors, and regulators. Managerial accounting provides information for internal decision making, cost accounting focuses on the cost of a product or service, and nonmonetary accounting refers to accounting standards that are not expressed in monetary terms.

The Field of Accounting That Focuses on Providing Information for External