Question

Financial and Managerial accounting are similar in that both A. primarily emphasize future operating results and goals. B. are regulated by outside regulatory agencies and commissions. C. are designed to meet the needs of managers. D. provide information primarily to external users. E. use information provided by the internal accounting system.

Answer 1

Answer:

The answer is E.

Explanation:

Financial accounting is the process of recording, summarizing, and analysis financial data/transactions

Managerial (management) accounting is the process of making financial information available for management to make decisions or for advice.

Both financial accounting and management (managerial) accounting make use of information provided by the internal accounting system.