The Field of Accounting That Focuses on Providing Information for Internal

question 31

Multiple Choice

The field of accounting that focuses on providing information for internal decision makers is ________.

• A) managerial accounting
• B) financial accounting
• C) nonmonetary accounting
• D) governmental accounting

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Definitions:

Service Company

A business that provides intangible products or services to customers.

Calculated Manually

A process or calculation done by hand or without the use of automated tools or software.

QuickBooks

An accounting software package developed and marketed by Intuit, aimed primarily at small and medium-sized businesses.

Purchasing Cycle

The sequence of steps or processes involved in the acquisition of goods or services, from the identification of a need, through the procurement process, to the payment of the invoice.