Choose the answer that is not a distinguishing characteristic of financial accounting information.
A) It is global information that reflects the performance of the whole company.
B) It is focused primarily on the future.
C) It is more concerned with financial data than physical or economic data.
D) It is more highly regulated than managerial accounting information.

Question

Quizplus · Accepted Answer

Financial accounting information is focused primarily on the past, not the future. It provides historical information on the company's financial performance that can be used to make decisions about future operations.

Choose the Answer That Is Not a Distinguishing Characteristic of Financial