Both financial and managerial accounting affect user's decisions and actions.

Question

Quizplus · Accepted Answer

Both financial and managerial accounting provide important information that can shape user's decisions and actions. Financial accounting provides information for external users such as investors, creditors, and regulatory bodies, while managerial accounting provides information for internal users such as managers and employees. Both types of accounting can impact decision making and influence actions taken by users.

Both Financial and Managerial Accounting Affect User's Decisions and Actions