Financial professionals prefer to focus on an accounting approach that focuses on

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Financial professionals prefer to focus on an accounting approach that focuses on current and prospective cash flows because it provides a more accurate picture of a company's financial health and performance. This approach helps in decision making activities such as budgeting, forecasting, and investing. Governmental accounting methods, international accrual accounting standards, or economically based accruals focus on different aspects of accounting and may not be as relevant or useful for financial professionals.

Financial Professionals Prefer to Focus on an Accounting Approach That