________ accounting is information directed to external users, such as stockholders, banks, and suppliers; in contrast _____ accounting is used internally by the CEO, CFO, controller, budget officers, etc.
A) Management; financial
B) External; management
C) Financial; internal
D) Financial; management

Question

Quizplus · Accepted Answer

Financial accounting is directed towards external users like stockholders and banks, providing them with financial statements and reports. Management accounting, on the other hand, is used internally by company officers to make decisions.

________ Accounting Is Information Directed to External Users, Such as Stockholders