Financial accounting is the field of accounting that would deal with the question of why operating performance differed from management plans.

Question

Quizplus · Accepted Answer

Financial accounting focuses on reporting financial information to external users, such as investors and creditors, and does not typically address the reasons why operating performance differed from management plans. This analysis is more closely associated with managerial accounting, which aims to provide internal management with the information needed to make informed business decisions.

Financial Accounting Is the Field of Accounting That Would Deal