Which statement below best describes the objectives of financial accounting?
A)Provide information that helps predict cash flows.
B)Provide information about the economic resources,claims to resources and changes in resources and claims.
C)Provide information that is useful in making decisions.
D)All of the other answers are objectives of financial accounting.

Question

Quizplus · Accepted Answer

Financial accounting aims to provide information that is useful for making decisions, helps in predicting cash flows, and offers insights about the economic resources, claims to resources, and changes in these resources and claims.

Which Statement Below Best Describes the Objectives of Financial Accounting