Question

(BLANK) is the type of accounting is generally for internal use within a health care organization. It assists managers in planning and control of operations.

Answer 1

Managerial Accounting

Managerial accountants work within companies and organizations to direct internal financial processes; monitor costs, sales, spending and budgets; conduct audits assist company leaders with financial decisions.

Managerial accounting is generally for inside or internal use .Managerial accounting as it implies used by managers for planning and control of operations and related performance measures. Managerial accounting intended for internal use is not bound by generally accepted accounting principles.