Financial accounting
A) is concerned with the information about the firm as a whole.
B) has to adhere to GAAP policies.
C) focuses on external users.
D) all of these are correct

Question

Quizplus · Accepted Answer

Financial accounting is concerned with providing information about the firm as a whole that is relevant to external users such as investors, creditors, and regulators. It must adhere to generally accepted accounting principles (GAAP) to ensure that the information provided is accurate, reliable, and comparable across different companies. Therefore, all the options mentioned in the question are correct.

Financial Accounting