Financial accounting is primarily focused on:
A) Providing the Internal Revenue Service with information to determine the amount of taxes owed
B) Providing managers with relevant information to help achieve organizational goals
C) Providing investors with useful information for valuing securities
D) Providing information for internal users

Question

Quizplus · Accepted Answer

Financial accounting is primarily focused on providing investors and external users with financial information about the company, such as financial statements, which can be used for making investment decisions and valuing securities.

Financial Accounting Is Primarily Focused On