Valeria, owner of Coolest Closet, has applied for a business loan. Her prospective banker has requested information concerning the financial condition of her business. Which accounting discipline is responsible for providing accounting information to outside stakeholders?
A) management accounting
B) financial accounting
C) tax accounting
D) certified bookkeeping

Question

Quizplus · Accepted Answer

The intended audience of financial accounting information and reports is people outside of the organization. This would include creditors, banks, owners, unions, and government units.

Valeria, Owner of Coolest Closet, Has Applied for a Business