Financial accounting does not deal with which of the following?
A)Measuring a company's economic activity.
B)Providing information to internal users.
C)Preparing financial reports.

Question

Quizplus · Accepted Answer

Financial accounting mainly focuses on measuring a company's economic activity and preparing financial reports for external users like investors, creditors, and government agencies. It is not primarily concerned with providing information to internal users like managers and employees, which is the domain of management accounting.

Financial Accounting Does Not Deal with Which of the Following