The area of accounting that is concerned with providing information for external users is referred to as

Question

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Financial accounting is concerned with providing financial information to external users such as investors, creditors, and regulators. It focuses on the preparation of financial statements, including the income statement, balance sheet, and cash flow statement. Governmental accounting is concerned with providing financial information for government entities, management accounting is concerned with providing financial information for internal decision making, and not-for-profit accounting is concerned with providing financial information for nonprofit organizations.

The Area of Accounting That Is Concerned with Providing Information