Multiple Choice
Management uses a(n) ______ budget to establish the standard overhead rate.
18
views
1. Introduction to Accounting
Types of Accounting
Struggling with Financial Accounting?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which type of accounting is primarily concerned with providing information to internal users for decision-making purposes?
A
Tax Accounting
B
Managerial Accounting
C
Financial Accounting
D
Auditing
Verified step by step guidance1
Understand the different types of accounting mentioned in the problem: Tax Accounting, Managerial Accounting, Financial Accounting, and Auditing.
Tax Accounting focuses on compliance with tax laws and regulations, ensuring accurate reporting for tax purposes.
Managerial Accounting is primarily concerned with providing information to internal users, such as managers, to aid in decision-making, planning, and controlling operations.
Financial Accounting is aimed at external users, such as investors and creditors, providing standardized financial statements to assess the financial health of an organization.
Auditing involves examining financial records and statements to ensure accuracy and compliance with accounting standards and regulations.
4:10mWatch next
Master Types of Accounting: Financial and Managerial with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Types of Accounting practice set
Problem sets built by lead tutorsExpert video explanations