Which of the following activities is NOT associated with the financial accounting information system?
A)reporting on the cost of quality
B)reporting to the SEC
C)preparing reports for the IRS
D)preparing a statement of cash flows

Question

Quizplus · Accepted Answer

Reporting on the cost of quality is usually associated with managerial accounting rather than financial accounting, which focuses on the financial performance of a company. The other activities listed are all commonly associated with financial accounting information systems. Reporting to the SEC is required for publicly traded companies, preparing reports for the IRS is necessary for tax compliance, and preparing a statement of cash flows is a key financial statement used in financial accounting.

Which of the Following Activities Is NOT Associated with the Financial