Two common areas of accounting that respectively provide information to internal and external users are a. financial accounting and tax accounting systems b. managerial accounting and financial accounting c. forensic accounting and financial accounting d. managerial accounting and environmental accounting

Question

Business

Micheal Haney

2 May, 00:17

Two common areas of accounting that respectively provide information to internal and external users are a. financial accounting and tax accounting systems b. managerial accounting and financial accounting c. forensic accounting and financial accounting d. managerial accounting and environmental accounting

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Answers (1)

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Brice Wood · Answer 1

The correct answer is b. managerial accounting and financial accounting

Explanation:

Administrative Accounting: It is the Information System at the service of the administration. Also called management accounting, with orientation to planning, control, and decision-making functions. It refers in general to the extension of internal reports, whose design and presentation is currently responsible for the company's accountant.

Financial Accounting: Financial Accounting is the technique with which quantitative information on economic entities is systematically produced, aimed at providing information to third parties related to the company.