Which of the following is concerned with preparing financial statements for external stakeholders according to a fixed schedule?
A) audit results
B) a master budget
C) managerial accounting
D) financial accounting

Question

Quizplus · Accepted Answer

Financial accounting is concerned with preparing financial statements for external stakeholders, such as investors and creditors, according to a fixed schedule, such as quarterly or annually. Audit results are a review of financial information to ensure accuracy, while a master budget and managerial accounting are focused on planning and decision-making within the organization.

Which of the Following Is Concerned with Preparing Financial Statements