Which of the following types of accounting is designed to meet the needs of decision-makers inside a company?
A) Audit accounting
B) Financial accounting
C) Managerial accounting
D) Tax accounting

Question

Quizplus · Accepted Answer

Managerial accounting is designed to provide financial information to decision-makers within an organization, such as managers and executives. This type of accounting focuses on internal reporting and uses financial and non-financial data to aid in decision-making and performance evaluation. The other options -- audit accounting, financial accounting, and tax accounting -- are all focused on external reporting, such as financial statements for investors, regulatory compliance, and tax purposes.

Which of the Following Types of Accounting Is Designed to Meet