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Accounting for external decision makers is called financial accounting. Accounting for internal decision makers is called financial accounting. Developing accounting information for internal decision makers is called financial accounting. External managers typically require continuous, detailed information because they must plan and manage the day-to-day operations of the organization.
True / False.

Respuesta :

henrydesanta

1.TRUE

2.FALSE no. It is called management accounting

3. FALSE

4.External managers typically require continuous, detailed information because they must plan and manage the day-to-day operations of the organization. TRUE

External managers or the first line managers are the ones who are engaged in daily operations of the organization. Because of this, they require updated financial information regarding their field to function and plan well.

Explanation: