The field of accounting that depends on generally accepted accounting principles (GAAP)is called

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Financial accounting is the field of accounting that is concerned with the preparation of financial statements for external users in accordance with GAAP. Cost accounting is concerned with identifying, measuring, analyzing, and interpreting costs for internal management purposes. Managerial accounting involves obtaining and using financial information to make decisions within a company. Responsibility accounting is a system that involves the allocation of responsibility for financial results to various levels of management within an organization.

The Field of Accounting That Depends on Generally Accepted Accounting