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

Question

Quizplus · Accepted Answer

Financial accounting is primarily used to provide information to external users such as investors, creditors, and regulators, rather than managers within the organization. Management accounting, on the other hand, is used to provide information to internal users such as managers to support decision making.

Financial Accounting Is Used to Provide Information and Analysis That