Which of the following is not part of the accounting focus?
A) Matching revenue and expenses
B) Seek to measure firm profitability
C) Identifying cash inflows and outflows
D) Attempts to track assets and depreciate them

Question

Quizplus · Accepted Answer

Accounting focuses on matching revenue with the expenses incurred to generate that revenue, measuring a firm's profitability, and tracking assets along with their depreciation. Identifying cash inflows and outflows is more specifically the focus of cash flow management, a part of financial management rather than the core focus of accounting.

Which of the Following Is Not Part of the Accounting