Financial accounting is focused on which of the following objectives?
A)Providing summarised information on operational results to investors and creditors
B)Providing information that managers need to make operational decisions
C)Providing highly detailed information on product lines, regions, divisions, etc.
D)Providing budgets for future periods

Question

Quizplus · Accepted Answer

Financial accounting is primarily concerned with providing summarized financial information to external parties such as investors and creditors to help them make informed decisions.

Financial Accounting Is Focused on Which of the Following Objectives