The Field of Accounting That Is Concerned with External Users

question 72

Multiple Choice

The field of accounting that is concerned with external users of a company's financial information is called

• A) managerial accounting.
• B) bookkeeping.
• C) public accounting.
• D) financial accounting.
• E) auditing.

---

Definitions:

SaaS

Software as a Service, a cloud computing model where applications are hosted by a service provider and made available to customers over the internet.

Procurement Process

A cross-functional business process that originates when a company needs to acquire goods or services from external sources, and it concludes when the company receives and pays for them.

Production Process

A sequence of steps or operations undertaken in the manufacturing of goods or services.

Cloud-Based ERP

Enterprise resource planning systems hosted on cloud computing platforms, enabling businesses to access their business-management applications over the internet.