The main purpose of financial accounting is to communicate useful financial information to decision-makers both inside and outside of the business organization.

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The main purpose of financial accounting is to provide relevant and reliable financial information to various stakeholders such as investors, creditors, management, and government regulatory agencies to help them make informed decisions. This information may include financial statements like balance sheets, income statements, and cash flow statements that summarize the organization's financial transactions and performance. Therefore, financial accounting supports decision-making both inside and outside of the business organization.

The Main Purpose of Financial Accounting Is to Communicate Useful