What involves preparing financial reports that provide information about the business's performance to external parties such as investors, creditors, and tax authorities?
A) Accounting
B) Bookkeeping
C) Financial accounting
D) Managerial accounting

Question

Quizplus · Accepted Answer

Financial accounting involves the preparation of financial statements that provide information about a company's financial performance and position to external users such as investors, creditors, and tax authorities.

What Involves Preparing Financial Reports That Provide Information About the Business's