The primary objective of financial accounting information is to provide useful information to:
A)Management.
B)Capital providers.
C)Regulators.
D)None of the above.

Question

Quizplus · Accepted Answer

Financial accounting information is primarily intended to provide useful information to capital providers such as investors, creditors, and lenders who make decisions based on financial information when investing, lending or extending credit to an organization. While management and regulators may also use financial accounting information, their decisions are not the primary focus of financial accounting.

The Primary Objective of Financial Accounting Information Is to Provide