The branch of accounting that is concerned primarily with providing information for internal users is called
A) auditing.
B) managerial accounting.
C) financial accounting.
D) income tax accounting.

Question

Quizplus · Accepted Answer

Managerial accounting focuses on providing information for internal users, such as managers and executives, to help them make decisions related to budgeting, planning, and controlling operations. Auditing is concerned with examining and verifying financial statements, while financial accounting is focused on preparing financial statements for external users. Income tax accounting relates to calculating and reporting taxes owed to governmental entities.

The Branch of Accounting That Is Concerned Primarily with Providing