Large business enterprises employ financial accountants who are primarily concerned with__________ financial reporting.

Question

Quizplus · Accepted Answer

Financial accountants in large business enterprises are primarily concerned with external financial reporting, which includes reporting to stakeholders such as investors, government agencies, and creditors. This reporting is often required by law or regulations and serves to provide transparency and accountability for the financial health of the organization. Corporate tax reporting and international reporting may overlap with external financial reporting but are not the primary focus of financial accountants in large business enterprises. Management accounting, on the other hand, is focused on providing financial information for decision-making within the organization and is not typically reported externally.

Large Business Enterprises Employ Financial Accountants Who Are Primarily Concerned