Match the type of accounting information to the term that best describes it. Information prepared for Information prepared for
External decision makers internal decision makers
A) Financial accounting Financial accounting
B) Financial accounting Managerial accounting
C) Managerial accounting Financial accounting
D) Managerial accounting Managerial accounting

Question

Quizplus · Accepted Answer

Financial accounting information is prepared for external decision makers, such as investors and creditors, while managerial accounting information is designed for the use of internal decision makers, such as managers and employees, to help in planning, controlling, and making decisions.

Match the Type of Accounting Information to the Term That