Financial statements are primarily as result of:
A) The ongoing work of bookkeepers and managerial accountants
B) The ongoing work of bankers
C) IT
D) Marketing efforts

Question

Quizplus · Accepted Answer

Financial statements are primarily a result of the ongoing work of bookkeepers and managerial accountants who record and report financial transactions, prepare financial statements such as income statements, balance sheets, and cash flow statements. Bankers may use financial statements to make loan decisions, but they are not primarily responsible for creating them. IT may play a role in developing accounting software or managing data, but they are not directly responsible for creating financial statements. Marketing efforts are not directly related to the creation of financial statements.

Financial Statements Are Primarily as Result Of