Caroline is primarily concerned with preparing accounting information

QUESTION

Caroline is primarily concerned with preparing accounting information and analyses for people outside her organization. What type of accounting does she do?

A) financial accounting
B) managerial accounting
C) regulatory accounting
D) private accounting
E) certified management accounting

ANSWER

Answer: A
Explanation: A) Financial accounting is primarily concerned with preparing accounting information and analyses for people outside the organization as measures of the business’s financial state and health.