Which of the following is NOT part of the financial accounting information system?
A)filing reports with the SEC
B)reporting a large contingent liability to current and potential shareholders
C)determining the future cash flows of a proposed flexible manufacturing system
D)preparing GAAP financial statements

Question

Quizplus · Accepted Answer

Determining the future cash flows of a proposed flexible manufacturing system is part of managerial accounting, not financial accounting. The other options listed are all part of the financial accounting information system.

Which of the Following Is NOT Part of the Financial