Answered: The field of accounting that focuses on…

The field of accounting that focuses on providing information for external decision makers is A. managerial accounting B. nonmonetary accounting OC. financial accounting OD. cost accounting

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The field of accounting that focuses on providing information for external decision makers is A. managerial accounting B. nonmonetary accounting OC. financial accounting OD. cost accounting

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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