Financial accounting is used to provide information and analysis managers within the organization can use to assist them in decision making.

Question

Quizplus · Accepted Answer

Financial accounting is primarily used to provide financial information to external users such as shareholders, creditors, and government agencies. Managerial accounting, on the other hand, is used to provide information to managers within the organization to assist them in decision making.

Financial Accounting Is Used to Provide Information and Analysis Managers