Accounting designed to meet the needs of decision makers inside the business is

A) general accounting
B) financial accounting
C) managerial accounting
D) external accounting

Question

Accounting designed to meet the needs of decision makers inside the business isA) general accountingB) financial accountingC) managerial accountingD) external accounting

Lexie Stuber · Accepted Answer

Final Answer : C, Explanation :  Managerial accounting is designed to provide financial information to decision makers within the organization to help with planning, controlling, and decision-making. It focuses on providing information that is relevant, accurate, and timely for internal decision-making purposes. General accounting and financial accounting both focus on external reporting and compliance with accounting standards, while external accounting is not a recognized accounting term.

Accounting designed to meet the needs of decision makers inside the business is

A) general accounting
B) financial accounting
C) managerial accounting
D) external accounting

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Learning Objectives

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