Which of the following activities is NOT associated with the financial accounting information system?
A)reporting on the cost of quality
B)reporting to the shareholders
C)preparing reports for the tax authorities
D)preparing a statement of cash flows

Question

Quizplus · Accepted Answer

Reporting on the cost of quality is typically associated with management accounting rather than financial accounting. Financial accounting primarily deals with the preparation of financial statements and reporting to external stakeholders such as shareholders and tax authorities. Preparing a statement of cash flows is a key activity in financial accounting, as is reporting to shareholders and tax authorities.

Which of the Following Activities Is NOT Associated with the Financial