Horngren s financial and managerial
International Business College
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![Solutions for horngren s financial and managerial accounting the financial chapters global edition Complete](/docpics/4247346/65a6dc8f2360f_4247346_121_171.jpeg)
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Solutions for horngren s financial and managerial accounting the financial chapters global edition Complete
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. What is accounting? 
Accounting is the information system that measures business activities, processes 
the information into reports, and communicates the results to decision makers. 
Accounting is the language of business. 
2. Briefly describe the two major fields of accounting. 
Financial accounting provides information for external decision makers, such as 
outside investors, lenders, customers, and the federal government. Managerial 
accounting focuses on information for internal decision ...
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