The area of accounting that focuses primarily on providing internal users with the information they need to help an organization be more efficient and effective is: A) Managerial accounting B) Financial accounting C) External auditing D) IT auditing 1. 2. The area of accounting that deals primarily with providing financial statements to external users is: A) External auditing B) Taxation C) Forensic accounting D) Financial accounting 3. The rules that a company must follow for external reporting to its shareholders (i.e., GAAP) are the same rules that are used when it prepares its tax return A) True B) False 1 Financial accounting deals primarily with: A) Preparing and reporting a company's financial results in the form of financial 4. statements to investors and creditors. business more effectively and efficiently. financial transactions accurately. B) Analyzing and reporting information to management so that they may operate the C) Reviewing a company's financial records to ensure that they have reported their D) Accurately completing tax returns to be submitted to the Internal Revenue Service