Accounting supports financial managers by providing all of the following EXCEPT:
A)identifying relevant data related to the activities of the firm.
B)presenting data in an agreed-upon and standardized form known as generally accepted accounting practices.
C)summarizing the firm's economic activity in the form of financial statements.
D)generating revenue for the firm.

Question

Quizplus · Accepted Answer

Accounting does not generate revenue for the firm, but rather provides financial information and support for decision making by financial managers.

Accounting Supports Financial Managers by Providing All of the Following