The area of accounting that provides managers inside the organization with information they need to make decisions is called
A) tax accounting.
B) managerial accounting.
C) informational accounting.
D) financial accounting.

Question

Quizplus · Accepted Answer

Managerial accounting focuses on providing information that is used internally by managers to make decisions. Tax accounting deals with tax-related issues, financial accounting presents financial information to external parties, and informational accounting is not a recognized term in accounting.

The Area of Accounting That Provides Managers Inside the Organization