There are several different areas of accounting. What type of accounting focuses on providing information to management so they can make better strategic decisions? Multiple Choice Internal Auditing Managerial Accounting Tax Accounting Financial Accounting External Auditing

Q: What responsibility would internal auditing go under? managerial accounting, tax accounting or…

A: There are different branch of accounting that help in the recording of transactions and analysis of…

Q: Financial accounting follows Generally Accepted Acccounting Principles (GAAP), while managerial…

A: Financial accounting and management accounting are two important branches of accounting. Financial…

Q: What are at least two reasons why management should involve the accounting  personnel in the process…

A: Accountancy: Accounting can be defined as the language of business that measures, evaluates,…

Q: The primary goal of management accounting is to: Select one: O A. provide information to current and…

A: Management accounting is one of the branches of accounting under which the management accountants…

Q: accounting is used by internal decision makers and accounting is used for external

A: Management accounting & Financial accounting are both branches of accounting, while the former…

Q: The area of accounting concerned with providing internal users with information is called O a.…

A: There are mainly two types of users of accounting information - the external and . The external…

Q: Select one: O A. Future orientated focus O B. Stewardship orientation focus O C. Focus on detailed…

A: Management accounting is one of new branch of accounting and now has become very important now days…

Q: The accounting system should provide information for:

A: The accounting system should provide information for: D. All of the above. The accounting system…

Q: Which of the following statements is the best definition of an accounting information system? A. A…

A: It is a systems used for collecting, storing, managing, processing, retrieving and reporting of…

Q: From the list below, select those that describe managerial accounting reports. Select all that…

A: Managerial accounting is the activity of using accounting data inside to promote organizational…

Q: Comment on the current and potential impact of creative accounting and discuss its management…

A: Bookkeeping is the process of recording financial transactions that affect a company. The accounting…

Q: How do accountants use data analytics to help address business problems in the following areas:…

A: Accountants utilise data analytics to assist firms in finding useful financial insights, identifying…

Q: Analyze current major accounting research tools. Discuss the deductive, inductive, and pragmatic…

A: Accounting research looks at how people, businesses, and governments use accounting, as well as the…

Q: Where in the financial statements would a user find out which accounting policies management has…

A: Accounting policies are the set of standards and methods which management uses to prepare the…

Q: Distinguish  between Managerial Accounting and Financial Accounting with respect to the primary…

A: The process of recording, summarising, and reporting to the public or regulators the flow of…

Q: Management accounting focuses on     internal reporting.     tax preparation.     auditing.…

A: Management accounting: Under this accounting includes providing the information related to the…

Q: Please list at least 5 major differences between Managerial and Financial Accounting. Include in…

A: Although both managerial and financial accounting are based on data, the way in which those numbers…