Financial accounting managers are more concerned about:

Question

Quizplus · Accepted Answer

Financial accounting managers are primarily responsible for preparing past-oriented reports, such as financial statements, to provide information about the company's financial performance in the past. They need to ensure that these reports are accurate and comply with generally accepted accounting principles (GAAP) to maintain the company's credibility with external stakeholders, such as investors and creditors. While they may provide information to help managers make decisions, their main focus is on presenting reliable financial information to various stakeholders. Future-oriented budgets and reports based on cost-benefit analysis are more relevant to managerial accounting.

Financial Accounting Managers Are More Concerned About