What does accounting provide to users?
A) auditing references to assist Canada Revenue Agency in collecting tax payments
B) timely and relevant information needed to make sound economic decisions
C) information on the financial decisions of its shareholders
D) knowledge of how to position a product for its market

Question

Quizplus · Accepted Answer

Accounting provides timely and relevant information that helps individuals and businesses make informed economic decisions. It does not provide auditing references for tax purposes or information on product positioning. While shareholders may use accounting information, it is not limited to them.

What Does Accounting Provide to Users