accounting, emphasis is placed on determining net income in accordance with generally accepted accounting principles.In finance, the primary emphasis is also on net income because that is what investors use to value the firm.However, a secondary financial consideration is cash flow, because cash is needed to operate the business.

Question

Quizplus · Accepted Answer

In finance, the primary emphasis is on cash flow rather than net income, as cash flow is crucial for valuing a firm and ensuring its operational viability.

Accounting, Emphasis Is Placed on Determining Net Income in Accordance