The field of accounting that serves internal users of a company's financial information is
A) financial accounting.
B) auditing.
C) public accounting.
D) bookkeeping.
E) managerial accounting.

Question

Quizplus · Accepted Answer

Managerial accounting serves the internal users of a company's financial information, providing data and analysis for decision-making and planning purposes within the organization. Financial accounting, on the other hand, serves external users such as investors, creditors, and regulators. Auditing is the independent review and verification of financial statements, while bookkeeping involves the recording and reporting of financial transactions. Public accounting encompasses a variety of services provided by accounting firms to clients outside of their organization.

The Field of Accounting That Serves Internal Users of a Company's