The Development of Information for Insiders, Such as Company Executives

question 11

Multiple Choice

The development of information for insiders, such as company executives, is called:

• A)Financial Accounting
• B)Management Accounting
• C)A Balancing Act
• D)Income Statement Accounting
• E)Bean Counting

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Definitions:

T Accounts

A visual representation used in accounting to depict debits and credits for individual accounts, resembling the letter "T".

Horizontal Analysis

Horizontal analysis is a financial analysis tool used to compare financial data, such as revenues or balance sheet numbers, over multiple periods to identify trends and growth patterns.

Income Statements

A financial statement that shows a company's revenues, expenses, and profit over a specific period.

Accounts Credited

Accounts that have been increased in a double-entry bookkeeping system due to the recording of revenues, gains, liabilities, or owner's equity.