What is the name of the branch of accounting concerned with providing outside decision makers with information to assess the amounts,timing and uncertainties of the company's future cash flows?

Question

Quizplus · Accepted Answer

Financial accounting deals with the preparation of financial statements that contain information about the company's financial position, performance and cash flows. This information is used by external decision makers such as investors, creditors, and regulators to assess the company's future cash flows and make investment or lending decisions. Financial accounting is governed by generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).

What Is the Name of the Branch of Accounting Concerned