MAN1107 PRETEST WK8 86-88

The area of accounting that provides managers inside the organization with information they need to make decisions is called: 

• managerial accounting.
• financial accounting.
• informational accounting.
• tax accounting.

The preparation of financial statements for people outside the firm (creditors, unions, suppliers, and others) is the goal of: 

• managerial accounting.
• auditing.
• cost accounting.
• financial accounting.

The accounting profession follows generally accepted accounting principles as defined by ___________________. 

• the PCAOB (Public Company Accounting Oversight Board).
• the FASB (Financial Accounting Standards Board).
• GAAP.
• the Sarbanes-Oxley Act.