Multiple Choice
Which term refers to the individuals or groups that have an interest in the success of a company?
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1. Introduction to Accounting
Types of Accounting
Struggling with Financial Accounting?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which of the following is NOT one of the main types of accounting?
A
Human Resource Accounting
B
Tax Accounting
C
Managerial Accounting
D
Financial Accounting
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Understand the main types of accounting: Financial Accounting, Managerial Accounting, and Tax Accounting are widely recognized as the primary types of accounting.
Financial Accounting focuses on preparing financial statements for external users, such as investors and creditors.
Managerial Accounting is concerned with providing information to internal users, such as managers, to aid in decision-making.
Tax Accounting deals with preparing and filing tax returns and ensuring compliance with tax laws.
Human Resource Accounting is not considered one of the main types of accounting. It is a specialized area that deals with valuing and reporting human resources, but it is not a core type of accounting like the others listed.
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