Accountants are the main reason financial statements are prepared.

Question

Quizplus · Accepted Answer

While accountants play a crucial role in preparing financial statements, they are not the main reason. The primary reason financial statements are prepared is to provide information about an organization's financial performance and position to stakeholders, such as investors, creditors, and management. This information helps them make informed decisions about the organization's future.

Accountants Are the Main Reason Financial Statements Are Prepared