Which of the following phrases is primarily relevant to financial accounting as opposed to managerial accounting?
A) Analyzing cost drivers
B) Helping managers to make decisions
C) Evaluating a company's strategic position
D) Conforming to external standards

Question

Quizplus · Accepted Answer

Financial accounting focuses on providing financial information to external users in accordance with standardized rules and regulations, such as GAAP or IFRS, making "Conforming to external standards" the phrase most relevant to financial accounting.

Which of the Following Phrases Is Primarily Relevant to Financial