İşletmeye Giriş Deneme Sınavı Sorusu #1143420

Which of the following is true regarding financial accounting?


It provides information in order to aid management in running day-to-day operations and in planning future operations.

It must follow GAAP and be certified by external, independent auditors.

It is future oriented.

It reports to those inside the organization.

Emphasizes detailed segment reports about departments, products, and customers.


Yanıt Açıklaması:

Financial accounting focuses on reporting to external parties such as stockholders, investors, governmental agencies, creditors, banks, and suppliers. Financial accounting measures and records business transactions and provides financial statements that are based on generally accepted accounting principles (GAAP).

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