Final answer:
The correct answer is managerial accounting, which is designed to meet the information needs of a company's internal users, such as employees and managers. Unlike financial or tax accounting, managerial accounting is used internally for decision-making, planning, and control purposes.
Step-by-step explanation:
The accounting information intended to satisfy the needs of a company's employees is referred to as managerial accounting information. Managerial accounting is a type of accounting that focuses on providing information to the internal users of a company, primarily its managers and employees. It involves the preparation of detailed reports and forecasts, which are used for decision-making purposes within the organization. Unlike financial accounting, which is aimed at providing information to external users like investors and creditors, managerial accounting is more concerned with the needs of the internal audience. It assists managers in planning, controlling, and evaluating business operations.
Cost accounting is a subset of managerial accounting that deals specifically with capturing a company's total costs of production by assessing the variable costs of each step of production as well as fixed costs, such as a lease expense. Financial accounting is the process of preparing financial statements for the use by external parties including stockholders, creditors, and regulatory agencies. Tax accounting, on the other hand, is focused on issues related to tax payments and planning.
Examples of managerial accounting reports include performance reports, cost analysis reports, and budget reports. These provide insights into the day-to-day operations and support tactical decisions. Managerial accounting information often involves various financial metrics, such as contribution margins, breakeven analysis, and profitability analysis, which are crucial for decision making and strategy formulation at all levels of management.