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19 March, 13:29

Financial accounting provides information for (internal/external) decision makers, while managerial accounting provides information for (internal/external) decision makers.

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  1. 19 March, 15:45
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    Financial accounting provides information for external decision makers, while managerial accounting provides information for internal decision makers.

    Explanation:

    Financial accounting is the process of recording, classifying, analyzing, measuring, interpreting and communicating financial data of an organisation to enable users of accounting information makes decision. On the other hand managerial accounting classifies, analyze, interpret and communicate accounting information of an organisation to the managers of that particular organisation for pursuit and achievement of the organisation's goal.

    Therefore Financial accounting provides information for external decision makers while managerial accounting provides information for internal decision makers
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