_____ accounting is the branch of accounting that addresses the needs of external stakeholders, including stockholders, creditors, and government regulators.
A) Forensic
B) Investigative
C) Managerial
D) Financial

Question

Quizplus · Accepted Answer

Financial accounting is concerned with providing financial statements and reports to external stakeholders. These reports include income statements, balance sheets, and cash flow statements that show the financial performance and position of the company to investors, creditors, and government regulators. Forensic accounting is used for investigation and litigation purposes, while managerial accounting is focused on the needs of internal stakeholders like managers and employees.

_____ Accounting Is the Branch of Accounting That Addresses the Needs