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Which area of accounting is concerned with external reporting, that is, reporting the results of economic activities to parties outside the firm?

managerial accounting or financial accounting

Accounting Business Management Finance Management
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Question added by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed
Date Posted: 2015/07/30
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Michael Lagunday
by Michael Lagunday , Accountant , Dubai Camel Racing Club

Financial accounting is concerned with external reporting while management accounting is concerned with internal reporting.

Joel Onuoha
by Joel Onuoha , Supervisor , Chi Limited

The answer is Financial Accounting

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