It is said that in _______________ nations, accounting is oriented toward the decision needs of investors and creditors.

Question

Quizplus · Accepted Answer

Anglo-Saxon nations, such as the United States, the United Kingdom, and Canada, have accounting systems that are oriented toward the decision needs of investors and creditors. This means that financial statements and reports are designed to provide information that is relevant and useful to external stakeholders who are interested in investing in or lending money to a company. This focus on investor and creditor needs is often attributed to the market-based economic systems and relatively strong legal frameworks that characterise these countries.

It Is Said That in _______________ Nations, Accounting Is Oriented