___________ generates information for use outside the organization.
A) Finance
B) IT
C) Managerial accounting
D) Financial accounting

Question

Quizplus · Accepted Answer

Financial accounting generates information for use by external stakeholders such as investors, creditors, and regulatory bodies, whereas managerial accounting provides information for use within the organization. Finance and IT departments may provide support for financial accounting processes but are not directly responsible for generating external financial information.

___________ Generates Information for Use Outside the Organization