____________ is concerned with recording the financial impacts of business processes as they are executed.
A)Management accounting
B)Financial accounting Fl)
C)Controlling CO)
D)Bank ledger accounting
E)None of the above

Question

Quizplus · Accepted Answer

Financial accounting is concerned with recording the financial impacts of business processes as they are executed. It is focused on generating accurate and reliable financial statements, which provide important information to a company's stakeholders, including investors, creditors, and government agencies. Management accounting, on the other hand, is concerned with providing internal decision-makers with the information they need to make informed decisions about the future direction of the company. Controlling refers to the process of monitoring and controlling business processes to ensure that they are operating effectively and efficiently, while bank ledger accounting is concerned with recording financial transactions related to a company's bank accounts.

____________ Is Concerned with Recording the Financial Impacts of Business