There is a specific registry/policy setting that determines whether the Exchange Active Sync (EAS) account creation is allowed or disallowed in Outlook. In this article, you'll find out how to edit it.
First, back up the registry (https://support.microsoft.com/en-us/help/322756/how-to-back-up-and-restore-the-registry-in-windows) to be able to restore it in case of any incorrect actions or unexpected results.
If you want to manage this by using policies (GPO), you can use this registry key as well: HKEY_CURRENT_USER\Software\Policies\Microsoft\Office\16.0\Outlook\Setup
Note: 16.0 in the corresponding key stands for Office 2016, 2019 or Office 365. If you're using a different version of Office, the key in the path will differ accordingly: