David is an accountant who calls attention to problems and helps managers carry out the planning, decision making, and controlling functions. David is involved in ________ accounting.
A) budgeting
B) financial
C) auditing
D) managerial
E) generally accepted accounting principles

Question

Quizplus · Accepted Answer

David's role as an accountant who helps managers with planning, decision making, and controlling functions indicates that he is involved in managerial accounting. Budgeting, financial, and auditing are also types of accounting, but they do not necessarily involve the same level of collaboration with managers on these functions. Generally accepted accounting principles refer to the standard guidelines and principles followed by accountants and auditors in preparing financial statements, but is not a specific type of accounting.

David Is an Accountant Who Calls Attention to Problems and Helps