Which type of accounting addresses the needs of managers, providing detailed reports to management with information that makes informed decision-making possible?
A) managerial accounting
B) investigative accounting
C) forensic accounting
D) financial accounting

Question

Quizplus · Accepted Answer

Managerial accounting is specifically designed to provide detailed financial information to managers and other decision-makers within an organization. It focuses on providing information that can be used to make informed decisions, such as cost analysis, budgeting, and performance metrics. Investigative accounting and forensic accounting, on the other hand, are typically used to uncover fraud, embezzlement, and other financial crimes. Financial accounting, while also important, is more focused on providing an accurate picture of an organization's financial health to external stakeholders, such as investors and creditors.

Which Type of Accounting Addresses the Needs of Managers, Providing