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?
A)financial accounting
B)auditing
C)managerial accounting
D)bookkeeping

Question

Quizplus · Accepted Answer

Financial accounting is concerned with providing financial information to external decision makers, such as investors, creditors, and analysts, to help them assess the company's financial performance and future prospects. This includes information about the company's past performance, current financial position, and expected future cash flows. The main goal of financial accounting is to provide users with useful and relevant financial information to make informed decisions about investing in, lending to, or doing business with the company.

What Is the Name of the Branch of Accounting Concerned