The area of accounting aimed at serving the decision-making needs of internal users is
A) financial accounting
B) managerial accounting
C) auditing
D) internal control
E) marketing

Question

Quizplus · Accepted Answer

Managerial accounting is focused on providing information to internal users, such as management, to assist in decision-making related to budgets, product pricing, and internal controls. Financial accounting is more focused on providing information to external users, such as investors and creditors, while auditing is focused on ensuring the accuracy and completeness of financial statements. Internal control is a process designed to ensure the integrity of financial and accounting information, and marketing is focused on promoting and selling products or services.

The Area of Accounting Aimed at Serving the Decision-Making Needs